On The Guarantee Agreement Between The Kingdom Of Belgium, The Republic Of Bulgaria, The Czech Republic, The Kingdom Of Denmark, The Federal Republic Of Germany, The Republic Of Estonia, The Hellenic Republic, The Kingdom Of Spain, The French Republic,...

The Saeima has adopted and the President promulgated the following laws: for a contract of guarantee between the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, Malta, the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland , The Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the European investment bank European investment bank loans for investment projects in Africa, the Caribbean and Pacific States and the overseas countries and territories and the continuing debt management agreement between the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia , The Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, Malta, the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the European investment bank, which supervises the payment and refund procedures under guarantee agreements in the Member States of the European investment bank, the good article 1. 2009 February 20 signed the guarantee agreement between the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, Malta, the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the European investment bank European investment bank loans for investment projects in Africa Caribbean and Pacific States and the overseas countries and territories (hereinafter referred to as the guarantee agreement) and the continuing debt management agreement between the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, Malta, the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic , Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the European investment bank, which supervises the payment and refund procedures under guarantee agreements in the Member States of the European investment bank, (hereinafter referred to as the Protracted debt management contracts) with this law is adopted and approved. 2. article. The guarantee agreement, and with it sais the clouded Protracted debt management contract shall enter into force the safeguards in article 11 of the Treaty and the continuing debt management contract for the period specified in article 11 and in order, and the Ministry of Foreign Affairs shall notify the newspaper "journal". 3. article. The law shall enter into force on the day following its promulgation. With the law put a guarantee agreement and the continuing debt management contract in English, as well as the Latvian language translations. The Parliament adopted the law in 2009 on September 17, President Zatlers in Riga V 2009 October 6, guarantee agreement between the Kingdom of Belgium-the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark the Federal Republic of Germany-the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic Ireland-the Republic of Cyprus the Republic of Latvia-the Republic of Lithuania, the Grand Duchy of Luxembourg-the Republic of Hungary Malta the Kingdom of the Netherlands-the Republic of Austria-the Republic of Poland, the Portuguese Republic Romania-the Republic of Slovenia the Slovak Republic-the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the EUROPEAN investment BANK concerning loans to be made by the European Investment Bank in favour of investment projects in the African , Caribbean and Pacific States and in the overseas countries and territories BETWEEN the KINGDOM OF Belgium:-the REPUBLIC OF Bulgaria, the CZECH REPUBLIC, the KINGDOM OF DENMARK, the FEDERAL REPUBLIC OF GERMANY, the REPUBLIC OF Estonia, the HELLENIC REPUBLIC, the KINGDOM OF SPAIN, the FRENCH REPUBLIC, IRELAND, the ITALIAN REPUBLIC, the REPUBLIC OF Cyprus, the REPUBLIC OF Latvia, the REPUBLIC OF Lithuania The GRAND DUCHY OF LUXEMBOURG,-the REPUBLIC OF HUNGARY, Malta, the KINGDOM OF the Netherlands, the REPUBLIC OF Austria, the REPUBLIC OF POLAND, the Portuguese REPUBLIC, Romania,-the REPUBLIC OF Slovenia, the SLOVAK REPUBLIC, the REPUBLIC OF FINLAND, the KINGDOM OF SWEDEN, the UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND, acting through the agencies respectively indicated in Annex 1 to the present agreement (hereafter referred to as the "guarantee agreement" or "guarantee") and represented by the signator to the respectively listed on the signature pages (each hereafter referred to as a "Guarantor" and collectively as the "Guarantor" or "Member States") of the first part, and the European Investment Bank having its Head Office at 100, boulevard Konrad Adenauer, L-2950 Luxembourg Kirchberg, Grand Duchy of Luxembourg, represented by Mr. Philippe Maystad, President (hereafter referred to as the "Bank") of the second part whereas: 1. The Guarantor undertook a certain obligation to act as guarantor in the article 4 of the Internal Agreement of 17 July 2006 (hereafter called the "Cotonou Internal Agreement II") relating to the financing of Community aid under the multi-annual financial framework for the period 2008 to 2013 in accordanc with the Partnership Agreement signed in Cotonou (Benin) on 23 June 2000 between the European Community and its Member States and the African, Caribbean and Pacific States as revised in Luxembourg on 25 June 2005 (hereafter called the "Cotonou Partner ship agreement II") and on the allocation of financial assistance for the overseas Countries and territories to which part four of the EC Treaty applies under Council Decision 2001/822/EC of 27 November 2001 on the association of the overseas countries and territories (hereafter called the "Association Decision"). 2. Having regard to the foregoing recital, the Board of Governors of the Bank to the authorised on 31 May 2006 grant loans from its own resources for investment projects covered by the multi-annual financial framework for the period 2008 to 2013 for a total amount of up to EUR 2000 million under the Cotonou Partnership Agreement, and (II) EUR 30 million under the Association Decision. 3. The aforementioned authorisation of the Board of Governors of the Bank was issued on condition that the loans granted by the Bank agreements made pursuan to the Cotonou Agreement shall be of Internal (II) the subject of a satisfactory guarantee from the Guarantor and that loans granted to finance investment projects under the Cotonou Agreement (II) satisfy the Internal Bank's usual criteria for lending from its own resources. 4. Article 4 of the Internal Agreement (II) Cotonou provides that this guarantee shall be restricted to 75% of the total amount of the credits opened by the Bank under all the Loan agreements made pursuan to the Cotonou Partnership Agreement and the Association Decision II (together referred to herein as the "Cotonou Framework"). 5. The said article 4 further provides that Member States shall be the liabl under this guarantee in proportion to their contributions to the capital of the Bank. Article 4.1 of the Bank's Statute the specifi c to the respectiv share of each Member State in the capital of the Bank. 6. In respect of Adequately Secured Loan agreements (as defined below), this guarantee only covers Political Risk as defined in Annex 3. The Guarantor and the Bank intends that, where the Guarantor is subrogated to the rights and the remedies of the Bank in relations to any Loan, the Bank shall, if so requested by the Guarantor, administer and manage the Loan Agreement which has gone into default in accordanc with the terms and conditions of the the Cotonou II Arrear Administration agree men (as defined below). 8. Pending the signature of the Cotonou Agreement, Arrear Administration II the Guarantor and the Bank agree to apply the arrear administration agreement entered into by the Member States and the Bank on 8 April 2002 it all recovery actions initiated by the Bank in respect of Loan agreements covered by this guarantee and the new terms and conditions for own resource operations in the African , Caribbean and Pacific States as approved by the Board of Directors of the Bank on 12 June 2007. IT IS HEREBY AGREED AS follows: Definition of A. In this guarantee: "Adequately Secured Loan Agreement (" ASL ") means any Loan Agreement for which in the Bank's opinion there is adequat security covering for credit risk and which the Bank, exercising its discretion, declare it as such in writing to qualify the Guarantor. ASL so defined, shall only be covered by this guarantee as regards Political Risk as defined in Annex 3 "Borrower". means any beneficiary of a Loan from the Bank within the scope of the Cotonou Agreement or (II) the Internal Association Decision. "Cotonou II Arrear Administration Agreement" means the agreement to be entered into between the Guarantor and the Bank setting out provision and procedures for the recovery of claims by the Bank in respect of the sum to which the Guarantor is entitled to by virtue of a payment made by the Guarantor to the Bank under the guarantee. "Credit Risk Policy guidelines" means the Bank's credit risk policy guidelines for own resource operations outside the European Union, as well as, where applicable, the Bank's credit risk guidelines of EU policy, as approved, amended or supplemented, modified by the Bank from time to time. "EIB Financing Operations" means (a) a Loan extended by the Bank to eligible investment projects carried out in a host Country from the Bank's own resources and in accordanc with its own rules and procedures, granted under the Cotonou Framework and governed by a Loan Agreement entered into by the Bank with a Borrower. "The Guaranteed Debtor" means a Borrower or its Third-Party Guarantor. "Guaranteed Sum (s)" means any obligation covered by this guarantee consisting of principal, interest, commission, indemnit, charges, expense and other accessories and any other sum which is at any time owed table by a Guaranteed Debtor to the Bank on account of a Loan or a Third-Party guarantee. "Host Government" means the authorities currently in place, or any successors, that authorities effectively control part or all of the territory of a host Country or any political subdivision, or any territorial or other public authority of such country, and includes any entity located inside or outside the Host Country and vested with regulatory powers conferred by the law of the Host Country. "Host Country" means each of the countries listed in the Cotonou Framework. "Loan" means the provision of money from the Bank to a Borrower as a loan or a bond or any equivalent instrument, which is what the Bank acceptabl as a substitute for a loan in accordanc with the Credit Risk Policy guidelines, according to the terms laid down in (a) the Loan Agreement. "Loan Agreement" means a signed agreement concluded between the Bank and a Borrower, setting forth the terms applicable to an EIB Financing Operations in the form of a Loan. "Loan-loss Cover account" or "LLC" means an account in euros to be constituted by the Bank in the name of the Guarantor, which shall be funded from the income resulting from the application of a risk-pricing on EIB Financing operations, excluding ASL axis defined above, and which shall be managed in accordanc with the provision of the Cotonou II Arrear Administration Agreement. "Third-Party guarantee" means a guarantee issued by a third party in favour of the Bank, including but not limited to (a) a letter of credit or a comfort letter issued in connection with the grant of a Loan to a Borrower, and includes any undertaking by any party jointly liabl for all or part of the Debtor's obligation is Guaranteed towards the Bank in respect of a Loan granted by the Bank. "Third-Party Guarantor" means an issuer of a Third-Party guarantee on behalf of a Borrower. (B). The following terms have the meaning assigned to it by respectiv them in the Recital, article and the Annex hereafter specified: Term Recital, article or Annex Cas tribunal Section 4 of Annexe 3 Association Decision Recital 1 Section 4 of Annexe 3 bindings enforceabl Section 4 of Annex 3 of the Cotonou Framework the Cotonou Agreement Recital 4 Internal 1 Recital II Cotonou Partnership Agreement (II) Recital 1 Political Risk article 2.03 project Section 4 of Annexe 3 project agreement Section 4 of Appendix 3 relevant Section 4 of Annex 3 to party In this guarantee, unless the context otherwise requires: (a) in the heading by for convenienc only and do not be affec the interpretation of this guarantee; (b) words importing the singular include the plural and vice versa; (c) a reference to an article, a party or an Annex is a reference to that article of, or that party or Annex it, this guarantee. Article 1 scope of guarantee 1.01 To the exten of its participation in the axis set respectiv out in Annex 2 and without prejudice to article 2.02, each Guarantor as primary obligor and not merely as surety hereby irrevocably: (a) guarantee any right, waiving their object, in accordanc with the terms and conditions laid down below, the punctual and full performance of all financial obligation of every Guaranteed Debtor in respect of a Loan made by the Bank from its own resources to pursuan to the Cotonou Framework. (b) to pay any amount of undertak of the Guaranteed Sum owed table by the Guaranteed Debtor to the Bank, upon demand by the Bank, in euros and in accordanc with the provision laid down in article 3.-the ' Guarantor 1.02 obligation is defined in article 1.01 above shall apply to all EIB Financing operations concluded pursuan to the Cotonou agreement in respect of Internal II of which the relevant Loan Agreement has been signed under the multi-annual financial framework for the period 2008 the 2013 1.03 a. without prejudice to ASL article 2.03 of under this guarantee shall cover all risks. (B). The total liability of the Guarantor under this guarantee in respect of the Cotonou Framework is limited to 75% of the total amount of the credits opened by the Bank pursuan to the Cotonou Framework which are subject to the following ceiling, namely: ■ EUR 2000 million for the Cotonou Partnership Agreement and EUR 30 million; II ■ for the Association Decision. 1.04 the obligation of the Guarantor under this guarantee shall terminate upon the earlies occure it of the following: (i) the payment is made in full of the Guaranteed Sum; or (ii) December 31, 2010 provided that: (a) on that date this guarantee is replaced with a new guarantee in respect of the Internal Agreement on Cotonou II terms satisfactory to the Guarantor and the Bank; and (b) notwithstanding such termination shall remain the Guarantor is subject to all obligations and liabilit under this guarantee in respect of all the Guaranteed Sum. Article 2 Calling of the guarantee 2.01 this guarantee may be called whenever a Guaranteed Debtor file, in whole or in part, to pay any Sum on its Guaranteed due date. Any sum received or realised by the Bank for the purpose of discharge of a Guaranteed Sum shall be disregarded, if the Bank's use of such sum is in any way restricted. 2.02 before calling the guarantee when a Guaranteed Debtor file, in whole or in part, to pay any Sum Guaranteed on its due date, the Bank shall give it the Guarantor of such prior notice as is reasonably practicabl of its intention to make a call in respect thereof. For the avoidance of doubt, the obligation of the Bank under this article will not be construed in any 2.02 way condition a preceden to the enforceability of the obligations of the Guarantor under article 1.01. However, 2.03 for agreements which are covered by Third-Party Guarantee and which the Banks declare in writing to the Office of the Guarantor to the ASL, this guarantee may only be called upon whenever , because of the occurrence of one of the events defined in Annex 3 (hereafter a "Political Risk"): (i) a Guaranteed Debtor is unable to pay, or the Bank is unable to receive a Guaranteed Sum, on its due date; or (ii) a Third-Party Guarantor is prevented from collecting in the non which due to it in respect of a Guaranteed Sum, provided that: (a) any demand for payment made by a Third-Party Guarantor on account of (a) the pay men to that it has made on behalf of a Guaranteed Debtor must have been presented to the Bank at the latest 2 years from (xx) the specified contractual final repaymen date under the relevant agree men or (yy) in the case of early repaymen the voluntary or obligatory, whethers of the relevant Loan, the due date of that early repaymen; and (b) this guarantee is limited to the amount which the Bank or, as the case may be, the Third-Party Guarantor could have recovered but for the occurrence of a Political Risk. 2.04 (A) banks in demand upon the Bank under a Third-Party guarantee can be made by a Third-Party Guarantor in the cases stated in Section 4, second paragraph, point (b), of Annex 3, where the enforcement period mentioned therein has not yet expired within the 2 years period set out preclusion in the article 2.03 (ii) of this guarantee. Such banks does not demand the Bank it entitl make a demand for payment under this guarantee, but merely serve as a means to suspend the preclusion set out in article 2.03 (ii) of this guarantee. Any remaining as of the preclusion period shall start to run again upon expiration of the period set out enforcement in Section 4, second paragraph, point (b), of Annex 3. The Bank shall inform the Guarantor of any demands made by the banks in a Third-Party Guarantor. 2.05 A. Subject to (B) below, the Bank's determination as to the occurrence of a Political Risk shall be final and binding. The determination shall take effect 15 calendar days following notice to the Guarantor. (B) If a majority. of the Guarantor, measured by percentage of participation set out in Annex 2, the Bank it instructi contest a Guaranteed Debtor's claim that (a) Political Risk has occurred, the Bank shall execute such instructions to its obligation pursuan under the Cotonou II Arrear Administration Agreement. However, the Guarantor and the Bank shall be bound as between themselves by any final decision of a competent court or tribunal over a CAS dispute between the Bank and a Guaranteed Debtor that determin the occurrence of a Political Risk. The Bank shall keep the Guarantor is regularly informed of the status of any such proceedings. 2.06 the Bank shall inform the Guarantor of each occurrence of a Political Risk and of any disagreemen between the Bank and to a Guaranteed Debtor as to the occurrence of the of a Political Risk. 2.07 the guarantee may also be called whenever a Guaranteed Debtor makes, or the Bank through the realisation of a Third-Party guarantee receive a payment, which the Bank cannot, for any reason, use without restriction or over which it does not have unfettered control. Article 3 terms of payments under the guarantee the Guarantor shall pay to the 3.01 to the Bank the Bank is demanded by the non in euros. The Bank is demanded by the non shall take into account any funds which are capable of being applied by the Bank from the LLC in respect of unpaid Guaranteed Sum. The LLC's shall be managed in accordanc with the provision of the Cotonou Agreement and Arrear Administration II the terms and conditions laid down by the Bank's bodies each from time to time, most recently approved on 12 June 2007.3.02 the Guarantor's payment obligation under this guarantee shall be made in accordanc with the provision of the Cotonou II Arrear Administration Agreement , and in any case shall be made from the later than 3 years after demand in writing is made by the Bank under the guarantee. 3.02 the Bank shall not require any individual Guarantor to make any payment due, unless at the same time and in the proportion of Annex 2, it requires the other Guarantor to make payment to the States guarantee pursuan. If the Bank has determined that (a) Political Risk has occurred, it may make such a demand, and the Guarantor shall comply with the demand of, even in a case where the Guarantor have instructed the Bank in the terms envisaged by article 2.05 b. Article 4 Loan terms, Administration and Information 4.01 the Bank shall manage all loans covered by the THA guarantee in accordanc with good banking practice and with the Bank's standard criteria and procedures , in particular, in accordanc with its credit Risk Policy guidelines as modified from time to time, and subject to its usual control. The Bank shall act with due diligence in recovering any Guaranteed Sum from any Guaranteed Debtor or from any security. The terms and conditions applicable to the Loan covered by this guarantee with a defined in accordanc with the principles and guidelines put down by the Bank's bodies each from time to time, most recently approved on 12 June 2007 the Guarantor hereby is 4.02. authoris the Bank to grant it a Guaranteed Debtor one or more extensions of time and generally it amend the terms of the relevant agreement with any Guaranteed Debtor , while remaining within the scope of the Cotonou Framework. 4.03 the Bank shall provide to the Guarantor of a year by January 31 twice and 31 July respectively: (i) an information sheet, in the form of Annex 4, containing information, effective as of 31 December and 30 June on the Loan agreements covered by the present guarantee; and (iii) the prudential limit, in the form of Annex 5, as defined in accordanc with the principles and guidelines put down by the Bank's bodies each from time to time, most recently approved on 12 June 2007 the Bank shall notify 4.04 the Guarantor of any fact or circumstanc, which it's not to be the judge for the already generally known and which it will consider likely to result in the making of a demand under this guarantee. The Bank is not obliged to seek such information. Article 5 5.01 the Subrogation To the exten that a Guarantor makes any payment to the Bank to this guarantee pursuan, it shall be subrogated to the rights, including security rights, of the Bank in respect of its claims against the Guaranteed Debtor. Such right of subrogation may not be invoked to the detrimen of the Bank. 02 In every Third-Party guarantee, the Bank shall exclude any right of contribution against the Guarantor by the Third-Party Guarantor and shall exclude any other right of the recourses of the Third-Party Guarantor against the Guarantor. The Guarantor shall indemnify the Bank for any liability towards Third-Party Guarantor of resulting from this guarantee. 5.03 where the Guarantor is subrogated to the rights of the of the Bank, the Bank shall, if so requested by the Guarantor, administer and manage the relevant claims under article 5.01 in accordanc with the terms and conditions of the Cotonou Agreement Arrear Administration II. 5.04 Pending the signature of the Cotonou Agreement, Arrear Administration II the Guarantor and the Bank agree to apply the arrear administration agreement entered into by the Member States and the Bank on 8 April 2002 it all recovery actions initiated by the Bank in respect of Loan agreements covered by this guarantee and the new terms and conditions for own resource operations in the African , Caribbean and Pacific States as approved by the Board of Directors of the Bank on 12 June 2007. About 5.05 of the subrogation upon the occurrence of a Non-Transfer of Currency, as defined in Annex 3, the following provision applies: When a Guaranteed Sum falls due and where the Guaranteed Debtor, on terms to the Bank, acceptabl makes a deposit , in the amount of the said Sum, or equivalent Guaranteed financial asset in favour of the Bank in local currency, in the currency of the Loan or in any other freely convertible currency but where such deposit or other asset is not transferabl or convertible, the Guarantor of the Bank hereby authoris it limit the Guarantor ' claim in respect of the portions of the Guaranteed Sum òàæó to the amount of the deposit or other asset such deposit, or other asset. Article 6 Tax and Expense of Any fiscal charges 6.01 and others expense incurred in connection with the of making, the performance or the enforcement of this guarantee shall be borne by the Guarantor of the pro-rata to their respectiv is participation as set out in Annex 2. The Guarantor 6.02 will indemnify the Bank for all expense incurred by the tax and of the Bank in seeking recovery of Guaranteed Sum , in accordanc with the Arrear Cotonou II Administration Agreement or pending its adoption, in accordanc to the arrear administration agreement entered into by the Member States and the Bank on 8 April 2002. Law applicable 7.01 Article 7 this guarantee shall be governed by and construed in accordanc with the general principles common to the laws of the Member States. Article 8 8.01 Jurisdiction Any dispute between the parties to this guarantee that is not promptly and amicably resolved shall be referred for decision to the Court of Justice of the European communities article pursuan to 238 of the EC Treaty article 9 Confidentiality 9.01 Having regards to the fact that some of the information exchanged in the context of this guarantee may be confidential and may even be in some instances commercially sensitive , both the Bank and the Guarantor is to abstain from divulging the undertak a third-party, without the prior written consent of the the other, any information communicated to either of them in the context of this guarantee. This undertaking does not, however, be affec the communication of information which is required by law or by an order of the operations of a Court of competent jurisdiction to be. Article 10 10.01 notices and communications notices and other communications given hereunder to the Guarantor or to the Bank shall be sent by registered letter or other recognised means of communications addressed to the recipient at its address set out below: (a) the Guarantor: its a For respectiv address set out in Annex 1 For the Bank: 100, boulevard Konrad Adenauer L-2950 Luxembourg Any change to the address as listed in the above shall have effect only after such change has been notified in writing to the other parties. The Recital and the five form an integral Annexe part of this guarantee. Article 11 the signature of guarantee 11.01 this guarantee will be binding in respect of each Guarantor immediately upon it a valid signature or ratification of the guarantee. 11.02 the authentic texts of this guarantee shall be in English, French and German. This guarantee shall be signed in one original in each of the three authentic languages. 11.03 the originals shall be deposited at the Bank. The Bank shall send the certified cop to of the original in the three authentic languages to each Guarantor bound by this guarantee. In WITNESS WHEREOF each of the parties of the heret has caused this guarantee it to be signed by the authorised signatory of the ITU on the date provided hereafter respectively.Signed on behalf of the {the Kingdom of Belgium by: _____ _____ _____ _____ _____ date: name of signatory: Didier 03.09.09 Reynder {Signed on behalf the Republic of Bulgaria by: _____ _____ _____ _____ _____ date: name of signatory: 03.09.09 Mr Plamen Oresharsk Signed on behalf of {of the Czech Republic by: _____ _____ _____ _____ _____ date: name of signatory: 07.10.08 Miroslav Kalousek {Signed on behalf of the Kingdom of Denmark by: _____ _____ _____ _____ _____ date: name of signatory: 03.09.09 Claus Grub on behalf of {Signed the Federal Republic of Germany by : _____ _____ _____ _____ _____ date: name of signatory 20.11.08: Edmund Duckwitz {Signed on behalf of the Republic of Estonia by: _____ _____ _____ _____ _____ date: 11.03.2009 name of signatory: Ivar Sikk {Signed on behalf of the Hellenic Republic by: _____ _____ _____ _____ _____ date: 12.12.08 name of signatory: Iouli Signed on behalf of the Armagon {of the Kingdom of Spain by: _____ _____ _____ _____ _____ date: 03.11.2008 name of signatory: Pedro Signed on behalf of Solb {of the French Republic by : _____ _____ _____ _____ _____ date: 15.07.08 name of signatory: Christine Lagarde Signed on behalf of Ireland by {a: _____ _____ _____ _____ _____ date: 08-11-04 name of signatory: Brian Lenihan {Signed on behalf of the Italian Republic by: _____ _____ _____ _____ _____ date: 10.03.2009.

Name of signatory: Philippe Maystad a Annex 1 list of addresses for the purpose of article 10 the KINGDOM OF Belgium: the Service Public Fédéral finances Administration de la Trésorer the questions of the Security of the International Financière et, Avenue des Arts 30 B-1040 Bruxelles-the REPUBLIC OF Bulgaria: Министерство финансите на Външни финанси "" Отдел Дирекция "Европейски финансови" Раковски "," Улица институции № Република България 102 1040 София Ministry of finance Foreign Finance Directorate European Financial institutions Department 102, Rakovsk str. BG-1040 Sofia the Czech Republic Ministerstvo Financí: Evropská Unie a mezinárodní vztahy Letenská 15 118 10 Praha 1, CZ-the KINGDOM OF DENMARK: udenrigsministeriet Asiatisk Plads 2 DK-1448 Copenhagen K-the FEDERAL REPUBLIC OF GERMANY: der Finanzen of referat Bundesministeri EA2-D-10117 Berlin Wilhelmstrass 97-the Republic of Estonia: Rahandusministeeri Ameerik 1 of Suur-EE-15006 Tallinn the HELLENIC REPUBLIC: Οικονομικών Λογιστήριο του Οικονομίας & Υπουργείο Κράτους 25 Γενικό Κίνησης Διεύθυνση Κεφαλαίων η Εγγυήσεων Δανείων & Αξιών Πανεπιστημίου, 25-29, GR-Ministry of Economy and finance 101 65 Αθήνα, General Accounting Office of the State 25th Directorate 25, Panepistimio str GR-10165 Athens the KINGDOM OF SPAIN: Ministerio de Economí y Hacienda Dirección General del Tesoro y servicio de Polític Financier of Aval's Paseo del Prado, 6 E-28014 Madrid NUM. the FRENCH REPUBLIC: Ministèr de l ' Économ, de l ' Industrie et de l'emploi Direction Générale du Trésor et de la politique des policy of Economic service of macroéconomiqu et des Affaires of the European Teledoc-652 139 rue de Bercy 75572 Paris CEDEX 12 FR IRELAND: Department of Finance International Financial institutions Section South Block government buildings Upper Merrion Street Dublin 2, IE-the ITALIAN REPUBLIC: Ministero dell ' Economi-delle Finanz e del Tesoro, Dipartiment Rapport Finanziar-Ufficio Internazionale, via XI settembre XX, 97 I-00187 Rome-the REPUBLIC OF Cyprus Υπουργείο Οικονομικών και Επενδύσεων Διεύθυνση Χρηματοδοτήσεων: Γωνία Μιχαήλ Καραολή και Γρηγόρη Αυξεντίου CY-1439 Λευκωσία Ministry of finance finance and investment Division and Grigori Karaol, Michael Afxentio Str Nicosia CY-1439-the REPUBLIC OF Latvia: the Latvian Ministry of finance sand Street 1 LV-1919, 1919-the REPUBLIC OF Lithuania: Lietuvos respublikos finansų ministerij. Tum-Vaižgant J-8A/2, LT-01512 Vilnius the GRAND DUCHY OF LUXEMBOURG: Ministèr des finances 3, rue de la Congregation Luxembourg L-2931-the REPUBLIC OF HUNGARY: Pénzügyminisztéri mzetköz in főosztály kapcsolatok not Budapest József nádor tér 2-4 HU-Magyarország – Malta 1051 : Minister of tal-Finanz, l-u Investimen the economy of Triq in-Nofsinhar Maison Demandol MT-Valletta VLT 2000, the KINGDOM OF the Netherlands: Ministerie van Financiën Prinses Beatrixlaan 512 NL-2511 CW Den Haag-the REPUBLIC OF Austria: Sektion III, the Museum für Wirtschaftspolitik und Finanzmärkt-Hinter Bundesministeri Finanzen-Zollamtsstrass A-1030 Wien 2b-the REPUBLIC OF POLAND ministerstwo Finansów: ul. 12 Świętokrzysk PL-00-916 Warsaw the Portuguese REPUBLIC: Ministério das Finanç Direcçã Tesour of the Geral do the Rua da Alfândeg, 5-1 ° andar P-1194 Lisboa Romania: Ministerul Finantelor Ltd. for the general Directi Economi de trezorer si published the computer the str. Apolodor, nr. 17 sector 5 RO-Bucuresti-the REPUBLIC OF Slovenia: the Ministrstv za finance Župančičev 3 SI-1502 Ljubljana-the REPUBLIC OF FINLAND: Ulkoasiainministeriö Yleisen Kehityspoliittinen osast kehityspolitiikan if the suunnittelun yksikkö katajanokanlaituri 3 FIN-00161 Helsinki the SLOVAK REPUBLIC Ministerstvo financií Slovenskej republiky: the medzinárodných a záležitostí Štefanovičov európskych Sekci 5 817 82 Bratislava SK-the KINGDOM OF SWEDEN: Finandepartemente Internationell Drottninggatan 21 of the S-10333 Stockholm avdelningen the UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND at the Head of European Union Department, Department for International Development 1 Palace Street London Sw1e 5 h is the UK-Annexe 2 Respectiv participation of Guarantors1 the Capital of the Bank 164,808,169, 000.00 by the Member States subscribed as follows: Germany,532 16.170031 1,500.00 26,649% France 16.170031 Italy,532 1,500.00 26,649%,532 16.170031% 1,500.00 26,649 United Kingdom,532 16.170031 1,500.00 26,649% Spain,719 9.702019 1,500.00 15,989% Belgium,065 4.482220 5,000.00 7,387% Netherlands,065 4.482220 5,000.00 7,387% Sweden,585 2.973509 1,500.00 4,900% 2.269477%,283, 000.00 3,740 Denmark Austria Spain,973 2.224995% 1,500.00 3,666 3,411,263 2.069839% Finland 2,106 1,500.00,816, 000.00 1.278344% Greece,725 1.215793% 2,003 1,500.00,287 0.783509 5,000.00 1,291% Portugal Czech Republic Hungary 1,258,785 0.763788% 1,500.00 1,500.00,868 1.190 0.722579% 935,070 0.567369% Ireland, 000.00-863,514 Rumani 1,500.00 0.523951% Slovakia428,490 0.259993% Slovenia 1,500.00 397,815, 000.00 0.241381% 290,917 0.176519% 1,500.00 Bulgaria Lithuania Luxembourg 187,015 249,617 0.151459% 1,500.00 1,500.00 0.113475% Cyprus 183,382 Latvia 0.111270% 152,335 5,000.00 5,000.00 0.092432% Estonia% Malta 0.071380 69,804 117,640 5,000.00 5,000.00 100.00000% 0.042355% 1 see Annex 3 Definition of the fifth Recital Political Risk namely Non-Transfer of Currency, Expropiation, Wars or Civil Disturbanc and Denial of Justice upon Breach of contract NON-TRANSFER OF CURRENCY 1 means: any action by the host Government which , directly or indirectly, (a) the Guaranteed Debtor prevents from converting funds in local currency into the currency of the Loan Agreement or into a freely convertible currency or into another currency by the Bank deemed acceptabl, or transferring from outside the Host Country the local currency concerned or the currency into which the local currency has been converted, for the purpose of (i) paying any Guaranteed Sum (ii) receiving any Guaranteed Sum in the currency and in accordanc with the terms and conditions agreed, or (iii) recovering any Guaranteed Sum which has been duly paid; and any failure by the host Government to take action with a view to effecting or allowing such conversion or transfer by or on behalf of such the Bank, or a Guaranteed Debtor; with the provis of that: (a) the Guaranteed Debtor is able to freely and lawfully availa ... itself within the Host Country of the local currency or other currency, into which the local currency has been converted; and (b) the Guaranteed Debtor concerned or, as the case may be, the Bank has without success for a period of 30 days by all reasonable means endeavoured to complete the legal effect it formalit cessary the transfer or conversion. 2. the EXPROPIATION means: any measure taken, directed, authorised, approved, or ratified by the host Government, which is an administrative action or a legislative action and constitut the expropriation within the meaning of this Section 2. A measure of an act of expropriation constitut within the meaning of this Section 2 if the measure: (a) prevents the Guaranteed Debtor from paying a Guaranteed Sum and results in a default that continue for a period of 90 days; or (b) for a period of 90 of depriv days a Third-Party Guarantor or the Bank of its rights as a collateral security or preparing against commercial guarantee of repaymen in respect of scheduled payments that have fallen due for other reasons than as a consequences of one of the risks defined in this Annex; or (c) a Third-Party Guarantor depriv or the Bank, for a 90-day period, of the use of funds deposited either in the local currency or in foreign currency, with a financial institution in the Host Country, by him or for his account for the purpose of recovery under the scheduled payments. Of the measure on the part of the host Government shall be deemed to constitut an expropriation if it constitut a bona fide non-discriminatory measure of general application of a kind that Governments would normally take in the public interest for the purpose of ensuring public safety such as, raising tax revenue, protecting the environment or regulating economic activities, unless the measure is designed by the host Government to have a confiscatory effect. Breach by the host Government of a contractual obligation owed table to a Guaranteed Debtor shall not of itself constitut an expropriatory measure. 3. WAR OR CIVIL authority means any DISTURBANC: Act of war (declared or otherwise), revolution, insurrections, civil war, riot or social, terrorism or sabotages the strif is having the direct and immediate effect of (i) preventing a Guaranteed Debtor for a period of 90 days from paying a Guaranteed Sum or (ii) preventing a Third-Party Guarantor or the Bank for a period of 90 days from effecting recovery in respect of the Guaranteed Sum which have been duly paid or from receiving a Guaranteed Sum in the currency and in the due manner contractually provided for. In all cases, the constitut an act of war or civil disturbanc, the Act must have been undertaken with the primary intent of pursuing a political objective. Acts undertaken principally in order to support labour, employment, students ' interests or other non-political objective of shall not be covered under this Section 3. The time period of 30 or 90 days referred to in sections 1, 2 and 3 of this Annex shall not apply if the payment default, deprivation of entitlement or non-recovery results from the extension of an event, as defined in this Annex, the existenc of which has been duly established during a prior payment default for which the time period referred to above have already been applied. 4. DENIAL OF justice UPON BREACH OF contract means: the breach by a host repudiations or Government of a project agreement (as defined below), where the repudiations or breach either: (i) prevents, or materially contribute to preventing, the Guaranteed Debtor from performing its obligation towards the Bank of; or (ii) prevents the Bank or a Third-Party Guarantor from realising the full value of the security taken over the revenue or other benefits derived from any security interest in the project agreement. Cover shall be limited to cases where an CAs tribunal renders a final, binding and enforceabl award providing for damage in respect of the relevant Party's claim for damage for breach or repudiations; provided that: (a) the award is for a specified monetary amount, and is rendered for breach of a contractual obligation under, or for a project of repudiations, agreement by the host Government; (b) the relevant Party has made reasonable efforts to exhaust all legal remedies to enforce the award against the host Government for a period of 180 consecutive days from the date of the award. (A) the banks demand upon the Bank can be made by a Third-Party Guarantor in cases where this period has not yet expired within the 2 years period set out preclusion in the article 2.03 (ii) of this guarantee. Such banks does not demand the Bank it entitl make a demand for payment under this guarantee, but merely serve as a means to suspend the preclusion set out in article 2.03 (ii) of this guarantee. Any remaining as of the preclusion period shall start to run again upon expiration of the enforcement period. The Bank shall inform the Guarantor of any demands made by the banks in a Third-Party Guarantor; (c) the host Government's refusal to enforce the award is arbitrary and/or discriminatory. For this purpose: (a) An "CAs tribunal" means any Board, tribunal or CAs wherever it is established, which is independent from the host Government, and which is entrusted under the terms of the project agreement to make a final, binding and enforceabl award on a claim by a relevant Party there under and whose award is capable of enforcement in the Host Country under the provision of the New York Convention on the Recognition and enforcement of Cas Awards; (b) An award is deemed to be "binding", if it's legal to create rights for the parties in relations to the subject matter of the dispute between them; (c) An award is deemed to be "enforceabl" unless the CAs tribunal that render the award, or any other competent body, suspend or den in the enforcement of the award; (d) An award of the CAs tribunal United Nations is deemed "final", if the time for appeal or challenge to the award has expired without an appeal having admissibl challenge or been made; (e) "project" means a project within the scope of the Cotonou Framework and described by a project credit report; (f) "project agreement" means an agreement, contract or binding commitment between a relevant Party and a host Government which is directly related to a project and is, in the reasonable opinion of the Bank, critical to the financial or technical viability of the project, and includes, by way of illustration, any of the following types of agreement or commitment, namely supply agreements off-take agreements, subsidy agreements, user agreements, concession, licenses to exploit, or price setting mechanisms; (g) the "relevant Party" means (a) the Borrower or a parent company or a subsidiary of the Borrower situated in the same country than the Borrower. The relevant Party or the Third-Party Guarantor shall be obliged to take all reasonable efforts to exhaust available remedies to enforce the award against the host Government or to use reasonable efforts to ensur that the relevant Party or the Third-Party Guarantor which is able to exercise those remedies does so. Each agreement with a Guaranteed Debtor shall reserve for the Bank the right to specify the measure in that the relevant Party or the Third-Party Guarantor shall take, or shall be taken, ensur enforce UN CAs award on a claim for breach of contract or repudiations. The Bank is not obliged to require any party to take the measure of that, in the judgement of the Bank, disproportionat to their likely benefit. The Bank may agree to any reimburs Guaranteed Debtor for the reasonable cost of enforcement proceedings. The Guarantor shall be the Bank for reimburs any cost it thereby incur. 5. GENERAL EXCLUSIONS none of the following acts or risk shall warrant the calling of the guarantee: • any act of the Host Country to which the Guaranteed Debtor or, in the case of Section 4 of this Annex, the relevant Party, has freely consented or where the preponderan the cause lies in the illegal and the conduct of the unreasonabl Guaranteed Debtor or the relevant Party; • any Political Risk, as defined above, clearly prevailing at the date on which the Bank signed the relevant Loan Agreement or security agreement and producing the effects referred to in this Annex at such date. Annex 4 Annex 5 ARREAR ADMINISTRATION agreement between the Kingdom of Belgium-the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark the Federal Republic of Germany-the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, the Italian Republic Ireland-the Republic of Cyprus the Republic of Latvia-the Republic of Lithuania, the Grand Duchy of Luxembourg-the Republic of Hungary Malta the Kingdom of the Netherlands-the Republic of Austria-the Republic of Poland the Portuguese Republic Romania-the Republic of Slovenia the Slovak Republic-the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the EUROPEAN investment BANK for each procedure and reimbursement payments under Member States Guarantee in favour of the EUROPEAN investment BANK, the KINGDOM OF Belgium, the REPUBLIC OF Bulgaria, the CZECH REPUBLIC , THE KINGDOM OF DENMARK, THE FEDERAL REPUBLIC OF GERMANY, THE REPUBLIC OF ESTONIA, THE HELLENIC REPUBLIC, THE KINGDOM OF SPAIN, THE FRENCH REPUBLIC, IRELAND, THE ITALIAN REPUBLIC, THE REPUBLIC OF CYPRUS, THE REPUBLIC OF LATVIA, THE REPUBLIC OF LITHUANIA, THE GRAND DUCHY OF LUXEMBOURG, THE REPUBLIC OF HUNGARY, MALTA, THE KINGDOM OF THE NETHERLANDS, THE REPUBLIC OF AUSTRIA, THE REPUBLIC OF POLAND , The Portuguese REPUBLIC, Romania,-the Republic of Slovenia, the Slovak Republic, the REPUBLIC OF FINLAND, the KINGDOM OF SWEDEN, the UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND, acting through the agencies respectively indicated in the Annex to the present agreement and represented by the signator to the respectively listed on the signature pages (each hereafter referred to as a "Guarantor" and together as "the Guarantor" or "Member States") and the European Investment Bank having its Head Office at 100 , boulevard Konrad Adenauer, L-2950 Luxembourg Kirchberg, Grand Duchy of Luxembourg, represented by Mr. Philippe Maystad, President (hereafter referred to as the "Bank") Whereas: 1. The Guarantor with the parts to the guarantee agreement concluded with the Bank (hereafter called the "guarantee agreement" or "guarantee") in respect of the Loan made by the Bank from its own resources under the Internal Agreement of 17 July 2006 (hereafter called the "Cotonou Internal Agreement II") relating to the financing of Community aid under the multi-annual financial framework for the period 2008 to 2013 in accordanc with the Partnership Agreement signed in Cotonou (Benin) on 23 June 2000 between the European Community and its Member States and the African, Caribbean and Pacific States as revised in Luxembourg on 25 June 2005 (hereafter called the "Cotonou Partnership Agreement II") and on the allocation of financial assistance for the overseas countries and territories to which part four of the EC Treaty applies under Council Decision 2001/822/EC of 27 November 2001 on the association of the overseas countries and territories (hereafter called the "Association Decision") (together referred to herein as the "Cotonou Framework"). 2 the guarantee provides for subrogation of the Guarantor to the rights and remedies of the Bank against the Guaranteed Debtor to the exten that the Guarantor to make a payment under the guarantee. 3. The Guarantor and the Bank intends by means of the present agreement (referred to in the guarantee as the "Cotonou II Arrear Administration Agreement") set out the provision and procedures for the recovery of claims in respect of Subrogated Sum. 4. The present agreement further give the effect to the guarantee which provides that where a Guarantor is subrogated to the rights and remedies of the Bank in relations to any Loan, the Bank and the Guarantor shall enter into an agreement for the Bank's administration and management of the Loan. The present agreement does not preclud the Bank and the Guarantor from making specific agreements for the management of individual loans. IT IS HEREBY AGREED AS follows: article 1 Definition In this agreement, "agreement" means this Arrear Administration Agreement. "Call date" means the date on which a call is made on the Guarantor under the guarantee. "Call Data Exchange rate" in respect of any currency means the rate of exchange between euros and that currency, as published by the European Central Bank at 2 PM Frankfurt time 5 EIB business days prior to the Call date. "Borrower" has the meaning ascribed to it in the guarantee. The "default date" means the due date for payment of a sum owed table by a Guaranteed Debtor under a Loan Agreement, and in respect of which from the discharge has been received. "Default Sum" means a sum owed table by a Guaranteed Debtor under a Loan Agreement, and in respect of which the due date for payment has passed. "The EIB'S Business Day" means a day on which the Bank is open for normal business in Luxembourg. "EIB Financing Operations" has the meaning ascribed to it in the guarantee. "Guarantee agreement" or "guarantee" has the meaning ascribed to it in the first Recital. "The Guaranteed Debtor" has the meaning ascribed to it in the guarantee. ' Guarantee payment ' means (a) the pay men by a Guarantor to the Bank of the Guaranteed Sum under the guarantee. "Guaranteed Sum (s)" has the meaning ascribed to it in the guarantee. "Host Country" has the meaning ascribed to it in the guarantee. "Loan" has the meaning ascribed to it in the guarantee. "Loan Agreement" has the meaning ascribed to it in the guarantee. "Loan-loss Cover account" or "LLC" means an account in euros to be constituted by the Bank in the name of the Guarantor, which is intended to mitigat risks assumed by the Member States under the guarantee and shall be managed in accordanc with the terms and conditions laid down by the Bank's bodies each from time to time, most recently approved on 12 June 2007. The LLC's shall be funded from (i) the income resulting from the application of a risk-pricing on EIB Financing operations, excluding ASL (as defined in the guarantee) as approved by the Bank's bodies each in accordanc with its internal rules from time to time, (ii) Recovered Non and (iii) credit interest to be calculated at a daily interest rate, to be determined and notified by the Bank in accordanc with the applicable principles from time to time let down by the The Bank's bodies each, payable on a monthly basis. The LLC's shall be debited with (i) the guarantee payments, be it this pursuan agreement, and (ii) the Recovery Administration fee, provided there are sufficient funds in the account. "Member States Call account" or "MSC" means an account in euros to be constituted by the Bank in the name of each Guarantor, which shall be managed in accordanc with the terms and conditions laid down by the Bank's bodies each from time to time, most recently approved on 12 June 2007. The MSC's shall be debited with (i) the guarantee payments, be it this pursuan agreement, (ii) debit interest to be calculated at a daily interest rate, payable on a monthly basis, to be determined and notified by the Bank in accordanc with the applicable principles from time to time let down by the Bank's bodies each and (ii) the Recovery Administration fee. The MSC's shall be credited by the Guarantor with (i) the equivalent of the expected non guarantee payments under the guarantee and (ii) in respect of any non negative balance and accrued interest, debit and credited by the Bank with (i) and (ii) Recovered Non credit interest to be calculated at a daily interest rate, payable on a monthly basis, to be determined and notified by the Bank in accordanc with the applicable principles from time to time let down by the The Bank's bodies each. "The Recovery Administration fee" or "fee" means a fee as defined under article 5 of this agreement. "Recovered Non" means the part of a Subrogated Sum actually recovered by and paid to the Bank. "Recovery date exchange rate" means the rate of exchange between euros and the currency of the amount recovered against a default Sum, as published by the European Central Bank at 2 PM Frankfurt time 5 EIB business days after the date on which the relevant amount is recovered and is freely available to the Bank. "Third-Party guarantee" has the meaning ascribed to it in the guarantee. "Third-Party Guarantor" has the meaning ascribed to it in the guarantee. "Subrogated Sum" means a sum to which the Guarantor is entitled to by virtue of a payment made by the Guarantor to the Bank under the guarantee. In this agreement, unless the context otherwise requires: (a) in the heading by for convenienc only and do not be affec the interpretation of this agreement; (b) words importing the singular include the plural and vice versa; and (c) a reference to an article, a party or an Annex is a reference to that article of, or that party or Annex to this agreement. Article 2 scope of the agreement 2.01 this agreement sets out the provision and procedures for the recovery of claims in respect of Subrogated Sum. 2.02 this Agreement shall apply to any guarantee granted by the Guarantor to the Bank in respect of the Guaranteed Sum provided that the Guarantor and the Bank expressly so agree in writing. Each party hereby declare to so agree, subject to any amendment to this agreement as may be subsequently agreed by the parties. 2.03 Each Guarantor confirm it is obligation as expressed in the guarantee and will appoint the Bank to administer Subrogated Sum for the purpose of effecting recovery in accordanc with the terms and conditions of this agreement. Article 3 Term of payment 3.01 When a default Sum under a Loan Agreement of «arise and remains outstanding for a period of approximately 5 months, the Bank shall make a call under the guarantee in respect thereof. 3.02 the Bank shall make a call in respect of a Guaranteed Sum in accordanc with and pursuan to the terms of the guarantee. The Guaranteed Sum demanded by the Bank under the guarantee shall be expressed in euros and shall be calculated at the Call date exchange rate. The time for payment by the Guarantor of a Guaranteed Sum shall be as specified in the guarantee. 3.02 the Bank shall apply the funds held in the LLC in discharge of the Guaranteed Sum on the Call date. To the exten that the funds be in the LLC's are not sufficient to discharge the Guaranteed Sum in full, the Bank shall on the Call date withdraw from each MSC an amount in proportion to the participation of the Guarantor ' respectiv as provided in the guarantee. Debit interest will be payable on accru and any resulting negative balance of the MSC. Each Guarantor must pay to the Bank any resulting negative balance on its MSC under that call within the time for payment by the Guarantor of a Guaranteed Sum, as specified in the guarantee. Debit interest accrued on the MSC's shall be payable by the Guarantor for each year by the 31st of December, at the latest. 3.04 the Bank shall generate an account statement in respect of each call under a guarantee, the Guarantor of the informing non is applied from the LLC and the MSC in respect of the Guaranteed Sum and the resulting balance of the LLC and the MSC. 30th of April of 3.05 By each year, the Bank shall provide each Guarantor with a report setting out: (i) a non-exhaustiv of the forecast of the expected call under the guarantee for the current calendar year; (ii) the recovery proceedings initiated on behalf of (s) and in the name of the Guarantor during the previous calendar year; and (iii) and MSC in LLC account statements (including any accrued interest). Additionally, the Bank shall provide the Guarantor with an electronic account statement at each relevant LLC and MSC movement. Article 4 procedure following Recover a Guarantor is subrogated to the 4.01 it Whenever the rights and remedies of the Bank under and to a payment pursuan made under the guarantee, the Bank shall without delay of the undu initiat recovery proceedings on behalf and in the name of the Guarantor. 4.02 Recovery proceedings undertaken by the Bank for a Subrogated Sum shall be carried out in a manner consistent with the care and diligence applied to recovery proceedings initiated for any sum to be recovered in the relations it projects financed by the Bank without the Guarantor ' guarantee. 4.03 the Bank recover the where any part of a Subrogated Sum for the account of the Guarantor, the Bank shall without delay repay the undu into the LLC an amount equivalent to the non is applied from the LLC in discharge of the default Sum, less the amount of the fee due under article 5 shall be distributed Any amount remaining to the MSC in proportion to the participation of the Guarantor ' respectiv as provided in the guarantee, less the amount of the fee due under article 5. The Bank shall, if not cessary, convert the recovered sum into euros and shall, for this purpose, apply the Recovery date exchange rate. 4.04 In the cases described in article 5.05 of the guarantee and if requested to do so by the Guarantor, should the value of a deposit or equivalent financial asset have diminished at the time when such deposit or equivalent financial asset made available by the Guaranteed Debtor for loan in the host country, being a Subrogated Sum, become the transferabl or convertible , the Bank shall make use of any rights and remedies conferred on it under, and to a framework agreement pursuan entered into between the Bank and the host Government, in order to seek to recover an amount òàæó to the amount of the devaluation. 4.05 subject to the instructions of a Guaranteed Debtor, the Bank may allocate any amount recovered in respect of a default Sum owed table by that Guaranteed Debtor in or towards the discharge of the same or any other default Sum owed table by the Guaranteed Debtor. For this purpose, the Bank may effect the conversion of currency that it may not be de cessary. Article 5 Remuneration of the Bank By way of remuneration 5.01 for the Bank's services to the Guarantor under this agreement and, in particular, for any temporary exchange risk incurred, each Guarantor shall severally pay to the Bank its respectiv share of the Recovery Administration fee. The fee shall be calculated at the rate of 2% p.a. as may be notified by the Bank and revised in accordanc with the applicable principles from time to time let down by the Bank's bodies and each shall be charged from day to day on the outstanding amount of each Guaranteed Sum less any recover in the obtained. It shall be payable for the period running from the due date of the default Sum to the date on which the Bank recover the last amount outstanding in respect thereof. The fee shall be calculated on the basis of a month of 30 days and a year of 360 days. The fee shall be payable in a single instalmen on each date on which any portions of a Guaranteed Sum is recovered. The fee shall be payable in euros and be calculated at the Recovery date exchange rate. 02 the five year from the date of entry into force of this agreement and thereafter at periodic intervals convenient, the Bank shall, if it is it appropriate, deemas proposes a revision of the rate for the calculation of the fee mentioned in the article 5. This revision shall take account of changes in the volume of work involved in the execution of this agreement and other relevant factors. Such revision may be upward or downward. Any downward revision shall take immediate effect. Any upward revision shall take effect upon receipt by the Bank of the consent of 75% by weight of the Guarantor, calculated as provided for in article 9. The Guarantor shall not unreasonably withhold or delay of their consent. Article 6 release from Administration Duty 6.01 the Bank shall be released from its duties of administration of a Subrogated Sum in the following: (a) circumstanc where, by a decision, having the consent of 75% or more Guarantor holdings by value of the aggregate Guarantor ' of the entitlement to the Subrogated Sum, as determined by the article 9 pursuan the Guarantor for the Bank to suspend authoris/abandonment further action in relations the theret other than it be non remi, recovered; or (b) where the Bank of its duties renounc in respect of a Subrogated Sum by communication to the Guarantor made at any time after the later of (i) the 12th anniversary of the due date for payment and (ii) the date falling 9 months from the due date for the last scheduled repaymen under the relevant Loan Agreement. 6.02 For the purpose of this article 6, the Bank shall suspend action towards the Guaranteed Debtor from the date on which the Bank is in receipt of a sufficient consent to form the required majority or, as the case may be, the date on which the Bank give it the Guarantor of a notice of renunciation, provided that suspension shall not prejudice the Bank's obligation to preserve the Guaranteed Debtor's liability for the default Sum and shall not prejudice the Bank's obligation It maintains the accounts in connection with the default Sum pursuan to this agreement. The Bank shall promptly notify the Guarantor of the suspension. The suspension is irreversibl. 6.03 If the Bank is released from its duty to endeavour to recover a Subrogated Sum, the Guarantor shall pay to the residual fee accrued up to the date of the release. However, if the Bank is released from its duty in connection with a Subrogated Sum by reason of the application of a general discharge, for example under the heavily indebted poor countries for the program (HIPC), the Recovery Administration fee shall be payable at the rate of 1% p.a., as may be revised and notified by the Bank in accordanc with the applicable principles from time to time let down by the Bank's bodies each , instead of the rate mentioned in article 5. The residual fee is payable and shall be debited from the LLC and/or MSC in 2 months from the date upon which the Bank's duty has ceased, as notified to the Guarantor by the Bank. Article 7 Tax and Expense of the Guarantor shall indemnify 7.01 of the Bank for all taxes incurred by the Bank in the carrying out of its duties under this agreement. The Bank shall account for any eventual reimbursemen of taxes from other sources. 7.02 In addition to any fee which may be payable under article 5, the Guarantor shall, in proportion to their share in the respectiv Guaranteed Sum, and up to the aggregate limit of 2% of the default Sum let down by article 1.01 of the guarantee, indemnify the Bank for all external expense incurred by the Bank in the reasonably. The said limit shall not apply where the Bank give it the Guarantor of prior written notice that it will incur the expense which may 12 the limit but which it believe will increase the net sum recovered. This indemnity shall be limited to expense for obtaining from third parties advice and services that the staff of the Bank could not reasonably provide. The Bank may be deduc such expense from any of the amount recovered against any Subrogated Sum. It shall render accounts to the Guarantor. The obligation of the Guarantor ' to conditional upon the Bank having first endeavoured and failed during a period of 90 days to obtain reimbursemen of the expense from the Guaranteed Debtor of. The Bank shall continue to seek from the Guaranteed Debtor reimbursemen, notwithstanding payment by the Guarantor. Article 8 of the Law and Jurisdiction 08.01 the rights and duties of the parties to this Agreement shall be governed by the general principles common to the laws of the Member States. Any dispute between the parties to this agreement that is not promptly and amicably resolved shall be referred for decision to the Court of Justice of the European communities article pursuan to 238 of the EC Treaty. Article 9 Amendments of Any amendment to this 09.01 agreement shall be concluded with the consent of the Bank and by the decision of 75% favourabl by weight of the Guarantor, as calculated by reference to the percentage of liability of respectiv each Guarantor as set out in Annex 2 of the guarantee. Each Guarantor individually agree to be bound by any amendment so decided. Article 10 10.01 notices and communications notices and other communications given hereunder to the Guarantor or to the Bank shall be sent by registered letter or by facsimil addressed to the recipient at its address set out below: For the Guarantor: its respectiv address set out in the Annex 1 For the Bank: 100, boulevard Konrad Adenauer L-2950 Luxembourg Any change to the address as listed in the above shall have effect only after such change has been notified in writing to the other parties. The Recital and the form of an integral of the Annexe of this agreement. Article 11 the signature of agreement this agreement will be 11.01 bindings in respect of each Guarantor immediately upon its ratification of the validated signature or agreement. 11.02 the authentic texts of this Agreement shall be in English, French and German. This agreement shall be signed in one original in each of the three authentic languages. 11.03 the originals shall be deposited at the Bank. The Bank shall send the certified cop to of the original in the three authentic languages to each Guarantor bound by this agreement. In WITNESS WHEREOF, each of the parties of the heret has caused this agreement to be signed by the authorised signatory of the ITU on the date hereinafter respectively provided.

Name of signatory: Philippe Maystad a Annex 1 list of addresses for the purpose of article 10 the KINGDOM OF Belgium: the Service Public Fédéral finances Administration de la Trésorer the questions of the Security of the International Financière et, Avenue des Arts 30 B-1040 Bruxelles-the REPUBLIC OF Bulgaria: Министерство финансите на Външни финанси "" Отдел Дирекция "Европейски финансови" Раковски "," Улица институции № Република България 102 1040 София Ministry of finance Foreign Finance Directorate European Financial institutions Department 102, Rakovsk str. BG-1040 Sofia the Czech Republic Ministerstvo Financí: Evropská Unie a mezinárodní vztahy Letenská 15 118 10 Praha 1, CZ-the KINGDOM OF DENMARK: udenrigsministeriet Asiatisk Plads 2 DK-1448 Copenhagen K-the FEDERAL REPUBLIC OF GERMANY: der Finanzen of Bundesministeri, referat Wilhelmstrass 97 D-10117 EA2-Berlin-the Republic of Estonia: Rahandusministeeri Ameerik 1 of Suur-EE-15006 Tallinn the HELLENIC REPUBLIC: Οικονομικών Λογιστήριο του Οικονομίας & Υπουργείο Κράτους 25 Γενικό Κίνησης Διεύθυνση Κεφαλαίων η Εγγυήσεων Δανείων & Αξιών Πανεπιστημίου, 25-29, GR-101 65 the Ministry of Economy and finance Αθήνα General Accounting Office of the State 25th Directorate 25, Panepistimio str GR-10165 Athens the KINGDOM OF SPAIN: Ministerio de Economí y Hacienda Dirección General del Tesoro y servicio de Polític Financier of Aval's Paseo del Prado, NUM. 6, E-28014 Madrid the FRENCH REPUBLIC: Ministèr de l ' Économ, de l ' Industrie et de l'emploi Direction Générale du Trésor et de la politique des policy of Economic service of macroéconomiqu et des Affaires of the European Teledoc-652 139 rue de Bercy 75572 Paris CEDEX 12 FR IRELAND: Department of Finance International Financial institutions Section South Block government buildings Upper Merrion Street Dublin 2, IE-the ITALIAN REPUBLIC: Ministero dell ' Economi-delle Finanz e del Tesoro, Dipartiment Rapport Finanziar-Ufficio Internazionale, via XI settembre XX, 97 I-00187 Rome-the REPUBLIC OF Cyprus Υπουργείο Οικονομικών και Επενδύσεων Διεύθυνση Χρηματοδοτήσεων: Γωνία Μιχαήλ Καραολή και Γρηγόρη Αυξεντίου CY-1439 Λευκωσία Ministry of finance finance and investment Division and Grigori Karaol, Michael Afxentio Str Nicosia CY-1439-the REPUBLIC OF Latvia: the Latvian Ministry of finance sand Street 1 LV-1919, 1919-the REPUBLIC OF Lithuania: Lietuvos respublikos finansų ministerij. Tum-Vaižgant J-8A/2, LT-01512 Vilnius the GRAND DUCHY OF LUXEMBOURG: Ministèr des finances 3, rue de la Congregation Luxembourg L-2931-the REPUBLIC OF HUNGARY: Pénzügyminisztéri mzetköz in főosztály kapcsolatok not Budapest József nádor tér 2-4 HU-Magyarország – Malta 1051 : Minister of tal-Finanz, l-u Investimen the economy of Triq in-Nofsinhar Maison Demandol MT-Valletta VLT 2000, the KINGDOM OF the Netherlands: Ministerie van Financiën Prinses Beatrixlaan 512 NL-2511 CW Den Haag-the REPUBLIC OF Austria: Sektion III, the Museum für Wirtschaftspolitik und Finanzmärkt-Hinter Bundesministeri Finanzen-Zollamtsstrass A-1030 Wien 2b-the REPUBLIC OF POLAND ministerstwo Finansów: ul. 12 Świętokrzysk PL-00-916 Warsaw the Portuguese REPUBLIC: Ministério das Finanç Direcçã Tesour of the Geral do the Rua da Alfândeg, 5-1 ° andar P-1194 Lisboa Romania: Ministerul Finantelor Ltd. for the general Directi Economi de trezorer si published the computer the str. Apolodor, nr. 17 sector 5 RO-Bucuresti-the REPUBLIC OF Slovenia: the Ministrstv za finance Župančičev 3 SI-1502 Ljubljana-the REPUBLIC OF FINLAND: Ulkoasiainministeriö Yleisen Kehityspoliittinen osast kehityspolitiikan if the suunnittelun yksikkö katajanokanlaituri 3 FIN-00161 Helsinki the SLOVAK REPUBLIC Ministerstvo financií Slovenskej republiky: the medzinárodných a záležitostí Štefanovičov európskych Sekci 5 817 82 Bratislava SK-the KINGDOM OF SWEDEN: Finandepartemente Internationell Drottninggatan 21 of the S-10333 Stockholm avdelningen the UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND : the Head of European Union Department, Department for International Development, 1 Palace Street London Sw1e 5 h is the UK-guarantee agreement between the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic of the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary Malta Netherlands Poland Republic of Austria Portuguese Republic Republic of Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland and the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland and the European investment BANK, the European Investment bank loans to investment projects in the African, Caribbean and Pacific States and the overseas countries and territories BETWEEN the Kingdom of Belgium, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of LATVIA, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, MALTA, the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia , The Slovak Republic, the Republic of Finland, the Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland, which works with this agreement concerned (hereinafter referred to as the guarantee contract or guarantee) 1. institutions referred to in the annex, which represent the relevant signature pages that signers (hereinafter individually – but joint guarantor, Guarantor or by the Member States –), of the one part, and the European investment bank, with the Central Office of the Konrad Adenauer, L-2950 100 Boulevard, in Kiršberg, Grand Duchy of Luxembourg , its President Philippe Maystad in the person of the Lord (the Bank), on the other hand. Given that: 1. the Guarantor undertook certain obligations to act as guarantor referred to 17 July 2006, the internal agreement (Cotonou II internal agreement) in article 4 in relation to the financing of multiannual financial framework for the period 2008-2013 according to the 23 June 2000 in Cotonou (Benin) concluded a partnership agreement between the European Community, its Member States and the African, Caribbean and Pacific countries that was revised on 25 June 2005 in Luxembourg (hereinafter referred to as the Cotonou partnership agreement II), and on financial assistance for the overseas countries and territories, a quarter of the EC Treaty, according to the Council on 27 November 2001 by decision 2001/822/EC on the Association of the overseas countries and territories (hereinafter called the Association decision); 2. In the light of the above considerations, the Board of Governors of the Bank for 2006 on May 31 approved the issuance of loans from its own resources for co-financing of investment projects covered by the multiannual financial framework in 2008-2013 with a total volume of up to EUR 2000 million partnership agreement Cotonou II and up to EUR 30 million in association decision; 3. The above decision of the Board of Governors of the Bank was accepted with the condition that the Bank issued loans under agreements concluded in accordance with the internal agreement of Cotonou II, must be provided with suitable Guarantor guarantees and issuing loans for the co-financing of investment projects in Cotonou II Internal Agreement must meet the Bank's usual criteria for lending from own resources; 4. Cotonou II article 4 of the internal agreement states that this guarantee is limited to 75% of the total amount of credit that a Bank has granted the loan contracts concluded under the Cotonou partnership agreement and the Association II decision (together hereinafter referred to as the Cotonou framework); 5. The above article 4 also provides that the Member States are responsible under this warranty agreement in proportion to their contribution to the Bank's capital. 4.1. The Statute of the Bank is laid down in article each Member State according to the part of the Bank's capital; 6. According to ensure loan agreement (as defined below) within this warranty covers only political risks, which are described in annex 3; 7. the Guarantor and the Bank provides that, if the Guarantor are appropriate for the rights and obligations of the Bank in respect of any loan, the Bank at the request of the guarantor under the continuing Cotonou II arrears Administration Agreement (defined below) is administered and managed by the conditions of the loan agreement, which does not comply with the obligation; 8. To Cotonou II arrears Administration Agreement Prolonged for signature Guarantor and the Bank agree to apply between the Member States and the Bank's 2002 April 8 conclusion of the long-standing debt management contracts for all Bank launched debt recovery actions for those loans, which are covered by this warranty, and the new conditions for activities with own resources in Africa, the Caribbean and the Pacific that the 2007 July 12, has been approved by the Bank's Board of Directors. THE PARTIES AGREE ON THE FOLLOWING. Definitions (A). This guarantee: "according to secured loan agreement" means any loan agreements, which, in the view of the Bank's eligible collateral to cover credit risk, and which the Bank, using their own discretion about the classified information the guarantor in writing. According to ensure lending arrangements, as defined, this warranty covers only for political risks, which are described in annex 3. "Borrower" means any Bank loan recipient of the internal agreement the Cotonou II or the Association decision. "The continuing Cotonou II arrears Administration Agreement" means an agreement to be concluded between the Bank and the guarantor, which sets out the rules and procedures under which the Bank shall exercise the right to request funds to which the Guarantor has the right under the contributions made by the guarantor under the Guarantee of the Bank. "Credit risk policy guidelines" means the Bank credit risk policy guidelines on the operation of the own resources that are made outside the European Union, as well as, where appropriate, the European Union's credit risk policy guidelines, in the course of time the Bank they endorsing, altering, adding to or editing it. "The EIB'S financial activity" is a Bank issued loan suitable for the implementation of investment projects in the country of the borrower from the Bank's own resources and according to defined rules and procedures issued under the Cotonou framework and management determine the loan contract concluded between the Bank and the borrower. "A ensured the borrower" means a borrower or its third-party guarantor. "Guaranteed sum (s)" means any obligation covered by this warranty, which consists of the principal, interest, Commission payments, refunds, payments, expenses and other extra payments and other amounts provided by the borrower at any time during the period of the loan is owed to the Bank or third-party guarantees. "The borrower Government" are existing institutions or may have bodies that control part or all of the territory of the country of the borrower or any political or territorial units, or any other public authority, operating in the country, which includes any borrower country or outside of the existing institutions and laws of the country of the borrower is assigned to the Governor. "Borrower" means each of the list in the Cotonou framework. "Loan" means money granted by the Bank the borrower the loan, promissory notes or similar instruments in a way that is acceptable to the Bank as a loan under the substitute credit risk policy guidelines in accordance with the rules defined in the loan agreement. "The contract" is the contract signed between the Bank and the borrower, and which sets out rules for the EIB'S financial activities in the form of a loan. "Lost loan settlement account" or "account" is the euro ZASK, on behalf of the guarantor by the opening Bank and which is financed from the income derived from the re-pricing of risk of EIB financial operations application, except according to ensure lending arrangements, as defined above, and who are to be managed in accordance with the Cotonou II arrears administration Prolonged the contract rules. "Third party guarantee" is a guarantee issued by a third party for the benefit of the Bank, including, but not limited to, credit letter or a letter of guarantee issued in connection with loans to the Borrowers and includes all measures which take all the parties involved, which are jointly responsible for all or part of the borrower's obligations to the Bank issued Loans in them. "Third-party guarantor" means a third-party warranty provider on behalf of the borrower. B. the following terms shall have the meaning attributed to them are defined in the following recitals, articles and annexes: the term consideration, article or annex arbitral tribunal annex 3, section 4 of the Association decision recital 1 bind 3. section 4 of the annex to annex 3 executable section 4 the Cotonou framework recital 4 of the internal agreement the Cotonou II 1. Recital (II) of the Cotonou partnership agreement 1 political risks recital article 2.03 project annex 3, section 4 of the Draft contract annex 3, section 4, the party concerned shall 3. section 4 of the annex to this warranty unless the context otherwise requires: (a) headings are for convenience only and shall not affect the interpretation of this warranty; (b) words expressed in the singular, denotes the plural and vice versa; (c) the reference to the article, the part or attachment reference is made to this article, part of the guarantee or the annex. 1. Article 1.01 scope of guarantee according to the annex 2 membership and without prejudice to article 2.02 each guarantor as a key commitment the latter and not only a guarantor hereby irrevocably: (a) guarantee, giving up the right to object, according to the rules below, Ensure accurate and complete in all the borrower's financial obligations in connection with Bank loans from its own resources under the Cotonou framework. (b) at the request of the Bank undertakes to pay the amount guaranteed by the borrower owed the Bank, and under the conditions referred to in article 3. 1.02. the Guarantor referred to in article 1.01 of obligations apply to all financial activities of the EIB, carried out in accordance with the internal agreement of Cotonou II, for which the loan contract is a multiannual financial programme for 2008-2013. 1.03 a. without prejudice under secured loan agreements referred to in article 2.03, this warranty covers all risks. B. obligations of the Guarantor under this Guarantee under the Cotonou framework is limited to 75% of the total amount of Bank credit granted in accordance with the Cotonou framework, which is subject to the following restrictions: ■ EUR 2000 million partnership agreement Cotonou II; and ■ EUR 30 million in the framework of the Association decision. Guarantor liability this guarantee 1.04 is terminated earlier of the following: (i) when it is completely repaid the guaranteed amount; (ii) December 31, 2010, if: (a) the date of this warranty will be replaced with a new guarantee with regard to the internal agreement of Cotonou II with provisions acceptable to the Bank and the guarantor; and (b) Notwithstanding such termination, the guarantor are subject to all the obligations and responsibilities under this Guarantee in respect of all amounts Guaranteed. Article 2 of the Treaty of guarantee application 2.01 guarantees obligations may require in any case when the borrower does not fully or partially reimbursed the guaranteed amount for a specific date. Any amount received by the Bank or the cost of the guaranteed amount, is not taken into account when the Bank with the amount is in some way limited. 2.02 Before claiming the Guarantee in the case where the borrower is fully or partially not fulfilled its obligations relating to the payment of the guaranteed amount, the date set by the Bank in accordance with the accepted practices of the guarantor informed in advance of the planned guarantee request. To avoid confusion, this 2.02 Bank referred to in article the obligation will not be construed in any way as the previous condition of the guarantor for the implementation of commitments under article 1.01. However, 2.03 for contracts covered by third-party warranties, and that the Bank acknowledges in writing as the guarantor under the guarantee of the loan agreement, the warranty obligations may be requested at any time, if you have one of 3 Annex conditions (political risk): (i) ensure that the borrower is unable to pay or the Bank fails to get the guaranteed amount of the prescribed payment date; (ii) a third-party guarantor could not get the amount of money that it owed in relation to the guaranteed amount, provided that: (a) a third-party guarantor made payment request for payment made on behalf of the borrower, the Guarantee must be submitted to the Bank not later than 2 years after the (xx) where specified in the contract, the final repayment date (yy) or loan voluntary or compulsory in the case of early repayment such early repayment date; (b) this warranty restricts the amount that a Bank or a third-party Guarantor can recover, if it were not for the political risks occurred. 2.04 a third-party guarantor may require precautionary guarantee against a third-party Bank Guarantee framework annex 3, section 4, paragraph 2 (b)) in the cases referred to in point, if the implementation of this period has not yet expired 2 year period referred to in the request in this guarantee agreement (ii) of article 2.03 points. This precaution guarantees gives the Bank the right to request payment under this warranty, but is only a tool that guarantees of article 2.03 (ii) the request referred to in paragraph 1. The remaining part of the period of the request count is resumed after the implementation period referred to in section 4 of annex 3 paragraph 2 (b)), the end point. The Bank must inform the Guarantor on a third-party guarantor precautionary demand submitted; 2.05 under the below (A). (B) the Bank notice of the existence of political risk is final and binding. The notice shall take effect within 15 calendar days after the notification to the guaranteeing association. (B). If most of the guaranteeing association to be determined according to their percentage of participation referred to in annex 2, instructing the Bank to Ensure the borrower's legal challenge against political risks, the Bank has to follow instructions according to the commitments set out in the Cotonou II arrears Administration Agreement Prolonged. However, the Guarantor and the Bank mutual action limits the competent court or arbitral tribunal's final decision on the dispute between the Bank and the borrower, which determines the existence of a political risk. The Bank has regularly informed the guarantor of such procedure. 2.06 the Bank must inform the Guarantor for each of the political risk incurred or any disputes between the Bank and the borrower, due to political risk. 2.07 the guarantee obligations may also be required if the borrower makes a third-party Bank guarantees within the framework of the use by the Bank receives payment for some reason can not be used without restriction or over which it does not have unlimited control. Article 3 payment conditions under the Treaty of guarantee the guarantor must pay 3.01 the Bank in the amount of money requested in euro. The Bank in the amount of money required to be taken into account any features that you can use from the Bank account in relation to ZASK outstanding guaranteed amount. Must be managed according to ZASK Cotonou II arrears administration Prolonged the terms of the contract, as well as the management of the Bank in accordance with the conditions laid down, the last of which has approved 12 June 2007. 3.02 guarantor payment obligations under this Guarantee must be carried out under Cotonou II arrears administration Prolonged the terms of the contract, and in any case not later than 3 years after the Bank's receipt of the request in writing within the warranty period. 3.02 the Bank cannot require any individual Guarantor to make payments, if at the same time and under 2. parts not listed in the annex also requires the guarantor to make payments to others under this warranty. If the Bank has determined that is a Political risk, it may make such a request, and the guarantor must act in accordance with this request, even if the guarantor is Bank instruējuš according to above 2.05. point (B) above. Article 4 conditions for the loan, the Administration and information Bank manages all 4.01 loans covered by the guarantee, according to the best practices of the Bank and the Bank's standard criteria and procedures, in particular under its credit risk policy guidelines, which are updated from time to time, and in accordance with the normal control procedures. The Bank will act prudently and cautiously, the recovery of any of the guaranteed amount from any borrower or collateral provided. Terms and conditions applicable to the loans covered by the guarantee are set out under the management of the Bank's principles and guidelines that were last updated 12 June 2007. 4.02 the Guarantor hereby authorises the Bank to grant the borrower to Provide one or more extensions of the period and to amend the contract to Ensure the borrower conditions within the Cotonou framework. 4.03 twice a year, respectively on January 31 and July 31, the Bank shall submit to the Guarantor: (i) an information page, the form in annex 4, which contains information on December 31 and June 30 for loans covered by the present warranty; (iii) reasonable limits, the form in annex 5, which is defined according to the management of the Bank's principles and guidelines that were last updated 12 June 2007. 4.04 the guarantor Bank informs about any facts or circumstances which in its opinion is not yet known which in its opinion can lead to the implementation of commitments in the framework of this warranty request. The Bank shall not be obliged to search for such information. Article 5 5.01 the transfer of rights to the extent the payment of the guarantor under this guarantee to the Bank, it takes over the Bank's rights, including security rights, with respect to claims against the loans to borrowers. Such rights may not be granted if it could harm the Bank. 02 for each third-party guarantees within the Bank excludes any right of third parties to contribute to the Guarantor the guarantor, as well as the right to exclude third-party guarantor refer to the Guarantor. Bank must reimburse the Guarantor of any of these guarantees within the committed against a third-party Guarantor. 5.03 if the Guarantor has been taken over by the Bank, the Bank at the request of the Guarantor is administered and managed by the respective 5.01. the requirements referred to in article under Cotonou II arrears administration Prolonged contract terms and conditions. 5.04 To Cotonou II arrears Administration Agreement Prolonged for signature Guarantor and the Bank agree to apply the 2002 April 8 between the Member States and the Bank concluded Protracted debt management contract all the person of the Bank recovery activities in relation to the loan agreements, which are covered by this warranty, and the new terms and conditions the Bank with its own resources the African, Caribbean and Pacific countries that approved the Board of Directors of the Bank of 12 June 2007. 5.05 Part of transfers of rights relating to the transfer of the currency break as defined in annex 3, the following conditions apply: when pushing the guaranteed amount payable and the borrower according to acceptable terms the Bank performs the deposit a certain amount of Guarantee or provide similar financial assets the Bank well in the local currency, the currency of the Loan or in any other freely convertible currency, but where such investment or other asset is not transferable or convertible With this mandate, the guarantor the Guarantor of Bank to limit claims against part of the sum secured corresponding to deposits or other assets until the deposit or other asset. Article 6 Tax and expenses any payments of 6.01 fiscal or other expenses that arise in connection with this guarantee the preparation, implementation or execution, the Guarantor undertakes to match your participation referred to in annex 2. to reimburse the guarantor Bank 6.02 all taxes and costs incurred to the Bank to try to recover the guaranteed amount under Cotonou II arrears administration Prolonged the contract or, if the confirmation is delayed, under the persistent debt management agreement, concluded by the Member States and the Bank of 8 April 2002. Article 7 7.01 the applicable law and these guarantees management application will be carried out in accordance with the provisions of the General principles common to the laws of the Member States. Article 8 8.01 jurisdiction any dispute between parties to this Guarantee, which is not amicably resolved and immediately, should be submitted for review in the Court of Justice of the European communities pursuant to article 238 of the EC Treaty. Article 9 privacy 9.01 in view of the fact that part of these guarantees in the context of that information may be confidential and in some cases even sensitive commercial information, both the Bank and the Guarantor undertakes to the other party without prior written notification will not disclose to third parties any such guarantees in the context of the information received by one of the parties. But this commitment does not apply to information that is required by law or by a competent court orders. Article 10 Notification and other information 10.01 the Bank addressed to the guarantor or statements or other information must be sent by registered mail or by any other recognized forms of communication to the recipient at the address below: guarantor: 1. the address referred to in the annex to the Bank: 100, boulevard Konrad Adenauer L-2950 Luxembourg any changes to the addresses mentioned above shall enter into force only after the written information of other parties about the change. Considerations and 5 annexes are an integral part of this Guarantee. the signing of the Treaty article 11 11.01 this warranty shall become binding for everyone immediately after its signature of the guarantor or ratification. 11.02 this guarantee is authentic in the English, French and German languages. This guarantee is required to sign each of the three authentic language of the original. 11.03 the originals will be stored in the Bank. The Bank will send the original of the certified copies of the three authentic languages on each guarantor, which affect this warranty. In witness whereof, each party has signed up this guarantee with an officially authorized signature date specified.

The signer's name: Sven-Olof Petersson {signed by the United Kingdom of Great Britain and Northern Ireland on behalf of ____ ____ ____ ____ ____ ____ __ date: 15.07.2008.

The signer's name: Tamsyn Barton {signed on behalf of the European investment bank in the _____ and _____ _____ _____ _____ date: 31.03.2008.

The signer's name: Philippe Maystad a annex 1 addresses the needs of article 10 the Kingdom of Belgium: the Service Public Fédéral finances Administration de la Trésorer the questions of the Security of the International Financière et, Avenue des Arts 30 B-1040 Bruxelles BULGARIA Republic: Министерство финансите на Външни финанси "" Отдел Дирекция "Европейски финансови" Раковски "," Улица институции № Република България 102 1040 София Ministry of finance Foreign Finance Directorate European Financial institutions Department 102, Rakovsk str. BG-1040 Sofia Czech Republic Ministerstvo Financí: Evropská Unie a mezinárodní vztahy Letenská 15 CZ-118 10 Praha 1, the Kingdom of Denmark: udenrigsministeriet Asiatisk Plads 2 DK-1448-Copenhagen K Federal Republic of Germany: der Finanzen of referat Bundesministeri EA2-D-10117 Berlin 97 Wilhelmstrass the Republic of Estonia: Rahandusministeeri Ameerik 1 of Suur-EE-15006 Tallinn, Republic of GREECE: Οικονομίας Οικονομικών Λογιστήριο του Υπουργείο Κράτους & Γενικό Κίνησης Διεύθυνση Κεφαλαίων, η Εγγυήσεων 25 Δανείων & Αξιών Πανεπιστημίου 25-29 GR-101 65 Αθήνα, Ministry of Economy and finance, the General Accounting Office of the State 25th Directorate 25, Panepistimio str GR-10165 Athens the Kingdom of Spain: Ministerio de Economí y Hacienda Dirección General del Tesoro y servicio de Polític Financier of Aval's Paseo del Prado, 6 E-28014 Madrid NUM. French Republic: Ministèr de l ' Économ, de l ' Industrie et de l'emploi Direction Générale du Trésor et de la politique des policy of Economic service of macroéconomiqu et des Affaires of the European 652 139 rue de Bercy Teledoc FR-75572 Paris CEDEX 12 Ireland: Department of Finance International Financial institutions Section South Block government buildings Upper Merrion Street Dublin 2, IE-Republic of ITALY: Ministero dell ' Economi-delle Finanz e del Tesoro, Dipartiment Rapport Finanziar-Ufficio Internazionale, via XI settembre XX, 97 I-00187 Rome Republic of Cyprus Υπουργείο Οικονομικών και Επενδύσεων Διεύθυνση Χρηματοδοτήσεων: Γωνία Μιχαήλ Καραολή και Γρηγόρη Αυξεντίου CY-1439 Λευκωσία Ministry of finance finance and investment Division, Karaol and Grigori Afxentio Michael Str 1439 Nicosia CY-Republic of Latvia : Ministry of Finance of the Republic of Latvia on sand Street 1 LV-1919 Rīga, the Republic of Lithuania: Lietuvos respublikos finansų ministerij. Tum-Vaižgant J-8A/2, LT-01512 Vilnius, the Grand Duchy of Luxembourg: Ministèr des finances 3, rue de la Congregation L-2931 Luxembourg of Hungary: Pénzügyminisztéri mzetköz in főosztály kapcsolatok not Budapest József nádor tér 2-4 HU-Magyarország – Malta: 1051 Minister tal-Finanz, l-u Investimen the economy of Triq in-Nofsinhar Maison Demandol MT-Valletta VLT 2000 Netherlands : Ministerie van Financiën Prinses Beatrixlaan 512 NL-2511 CW Den Haag: Republic of Austria Sektion III, the Museum für Wirtschaftspolitik und Finanzmärkt-Hinter Bundesministeri Finanzen-Zollamtsstrass A-1030 Wien 2b POLAND ministerstwo Finansów Republic: ul. 12 Świętokrzysk PL-00-916 Warsaw the Portuguese Republic: Ministério das Finanç Direcçã Tesour of the Geral do the Rua da Alfândeg, 5-1 ° andar P-1194 Lisboa Romania: Ministerul Finantelor Ltd. for the general Directi Economi de trezorer si published the computer the str. Apolodor, nr. 17 sector 5 RO-Bucuresti: Ministrstv of the Republic of Slovenia za finance Župančičev 3 SI-1502 Ljubljana, Republic of FINLAND: Ulkoasiainministeriö Yleisen Kehityspoliittinen osast kehityspolitiikan if the suunnittelun yksikkö katajanokanlaituri 3 FIN-00161 Helsinki Slovak Republic Ministerstvo financií Slovenskej republiky: the medzinárodných a záležitostí Štefanovičov európskych Sekci 5 SK-817 82 Bratislava: the Kingdom of Sweden to the 21st Finandepartemente Internationell S-10333 Stockholm avdelningen Drottninggatan United Kingdom of Great Britain and Northern Ireland: the Head of European Union Department, Department for International Development 1 Palace Street UK-London Sw1a 2.5 h of annex līdzdalība1 of the guarantor Bank capital164,808,169, 000.00 divided Member States the following: Germany, 500.00 16.170031,532% France 26,649 26,649 1,500.00 16.170031,532%,532 16.170031% 1,500.00 26,649 Italy United Kingdom Spain 26,649,532 16.170031% 1,500.00 1,500.00 9.702019% Belgium,719 15,989 7,387,065%,065 4.482220 5,000.00 5,000.00 Netherlands 7,387 4.482220%,585 2.973509% 4,900 1,500.00 Sweden Denmark Austria,283 2.269477 5,000.00 3,740%,973 2.224995% Poland 3,666 1,500.00 1,500.00 2.069839% Finland 3,411,263,816 1.278344 5,000.00 2,106% 1.215793% 2,003 1,500.00,725 Greece Portugal Czech Republic,287 0.783509 5,000.00 1,291%,785 0.763788% Hungary 1,258 1,500.00 1,500.00 0.722579 Ireland,868 1.190% 0.567369% 863,514 935,070 5,000.00 0.523951% Slovakia Romania 1,500.00 1,500.00 0.259993 428,490% 397,815 0.241381% Slovenia, 000.00 Bulgaria Lithuania 249,617 290,917 0.176519% 1,500.00 1,500.00 1,500.00 0.151459% 187,015 0.113475% Luxembourg Cyprus Latvia 0.111270% 183,382, 000.00152,335, 000.00 0.092432% Estonia% Malta 0.071380 69,804 117,640 5,000.00 5,000.00 100.00000% 0.042355% 1 see the fifth recital.3. political risk definitions i.e. currency transfers, disposals, the break of war or civil unrest and the failure of Justice Agreement, in the event of default 1. currency transfer break is: any borrower Government action that directly or indirectly interfere with the borrower to convert the secured funds from local currency loan agreement in a particular currency or easily convertible currency or any other currency that the Bank considers acceptable, or interfere with the transfer of the borrower's country outside this local currency or currency that is converted to the local currency, with a view to (i) to pay the guaranteed amount, (ii) to obtain any of the guaranteed amount in currency and subject to the terms and conditions on which the agreement, or (iii) recover any of the guaranteed amount, which is paid in a timely manner; and the borrower's inability to act of the Government with the aim to influence or allow the conversion or transfer of such conduct, on behalf of the Bank to the Bank or to Ensure the borrower's behalf; provided that: (a) the borrower can borrower country freely and legally use your local currency or other currency, in which the local currency is converted; (b) the borrower or, in some cases the Bank during the 30-day period is not successfully tried using all appropriate means, to settle legal formalities required for the implementation of money transfer or conversion. 2. the disposal is: any borrower Governments made, seconded, authorized, ratified or approved measures that are administrative or legal actions and causing the seizures this section 2. This action causes a seizure within the meaning of section 2, if: (a) preclude the borrower Provided to pay the guaranteed amount, and as a result, the payment is not made and is delayed for 90 days; (b) deprives third-party guarantor or the Bank for 90 days creditor's rights against the collateral or additional commercial guarantees for repayment in respect of certain payments, the payment of which is overdue for reasons that are different from the risks referred to in this annex to the consequences; (c) does not allow a third-party guarantor or the Bank for 90 days to use the funds deposited in local or foreign currency borrower's financial institution of the country in his own name, with the aim to repay delayed payments specifically scheduled payment. No borrower national measures can not be considered a forfeiture, if they truly have such general discriminatory measures applied by the Government usually apply public interest reasons, such as national security, tax revenue increases, the environment or economic activity, unless the borrower Government measure is intended to konfiscējoš. The borrower Government infringement of contractual obligations to Ensure the borrower cannot in itself lead to the seizures. 3. WAR or CIVIL unrest are: any kind of warfare (or not apply), revolution, rebellion, civil war, social unrest or social strife, terrorism or sabotage, which have a direct and immediate impact: (i) prevent the borrower provide a 90-day period to pay the guaranteed amount; (ii) prevent a third-party guarantor or Bank 90-day time period to realize the guaranteed amount of the recovery, which has been paid within the prescribed time, or denying receive the guaranteed amount in the currency and in the form specified in the contract. To take action in any case could be defined as a war or civil unrest, it has to be done with the basic intention of pursuing a political goal. Actions taken to mainly support the workforce, employment, student interest and other non-political objectives, are not covered under this section 3. 30 or 90 day period referred to in this annex, sections 2 and 3, shall not apply if the payment delay, the transfer of rights or non-recovery of payments resulting from the extension of the event as defined in this annex, which are open for prepayment penalty in a timely manner, which is already applied in the above time period. 4. the JUSTICE of the contract in the event of default are: the borrower Government's abandonment of the project agreement (as defined below) or its non-compliance with the conditions, if the refusal or failure of: (i) do not allow the borrower to Ensure or promote its material failure to meet their obligations to the Bank; or (ii) do not allow the Bank or a third-party guarantor use full security against income or other benefits derived from the project in the security agreement. Security should be limited to cases where the arbitral tribunal makes a final, binding and enforceable decisions for losses incurred in connection with such party's claim for damages in the case of abuse or abandonment, if: (a) the decision is adopted for a certain amount of money and is provided for the case where the borrower Government for breach of obligations under the Treaty or of the project renounced the project contract; (b) the party has made every reasonable action to apply all possible legal means against the borrower for the implementation of the decision of the Government of the 180 days of the decision. Precautionary demand to the Bank may submit a third-party guarantor in cases when that period has not yet expired 2 year elimination period referred to in article 2.03 of this warranty (ii). Such a precautionary request does not give the Bank the right to make a demand for payment under the guarantee, but mainly to prevent article 2.03 (ii) above. The remaining part of the period of elimination of the count is resumed after the end of the implementation period. The Bank shall inform the Guarantor of any precautionary requests lodged by a third-party Guarantor; (c) the borrower's refusal of the Government to implement the decision is arbitrary and/or discriminatory action. For this reason: (a) "Arbitration Tribunal" means any arbitration tribunal or group regardless of the place of establishment, which is independent of the Government and having the borrower under the terms of the contract for the project is entrusted to take a final, binding and enforceable decisions in relation to the claims in question, and where the decision may be enforced in the country of the borrower under the New York Convention on the recognition of arbitration decision and implementation; (b) the decision is considered to be "binding", if the parties have legal rights in relation to the matter on which they have been; (c) the decision is considered an "executable" unless the arbitral tribunal, which shall decide whether other competent institution is revoked or denied enforcement of the decision; (d) the decision of the arbitral tribunal is considered "final" when the time for appeals against decisions or for opposition has expired without the appeal of reasonable or opposition; (e) "project" means the project described in the Cotonou framework the project credit report; (f) "Project Agreement" means an arrangement, contract or commitment between the party concerned and the borrower Government directly associated with the project and that the Bank's reasonable opinion, is defined as an important project for the financial and technical viability of a provider and what explanation includes the contracts or commitments, as supply contracts, acquisitions, contracts, grant agreements, user agreements, concession contracts, operating license or pricing mechanisms; (g) "party" means a borrower or a parent company, or a subsidiary of the Borrower, which is located in the same country where the borrower. The party concerned or a third-party Guarantor has the obligation to make every reasonable effort to use all the means available to the enforcement of the decision in relation to the borrower's Government, or to make reasonable efforts to ensure that the party in question or a third-party guarantor who may use the following features to make it. Ensure the borrowers with each agreement provides the Bank with the right to determine the party concerned or a third-party guarantor actions or provide steps to enforce the arbitration decision to infringements of the provisions of the Treaty or surrender them to perform. The Bank shall not be obliged to require either party to take measures after the Bank's rating is disproportionate to the potential benefits of the parties. The Bank may accept to reimburse the borrower to Ensure reasonable costs incurred for the execution of the decision procedure. The guarantor must pay the Bank all expenses which it has incurred in this way. 5. General exceptions, none of these acts or risks can not be claimed under guarantee obligations: • each Borrower country's Act, which provided for the borrower or section 4 of this annex, the parties are free, or who has agreed to the dominant reason is illegal and unjustified actions, carried out by the borrower or the party concerned; • any higher defined political risks, which are in effect on the date of signature of the Bank loan contract or security agreement, and that from that date causes the consequences set out in this annex.Annex 4 Annex 5 AS PROTRACTED debt management agreement between the Kingdom of BELGIUM, the Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark the Federal Republic of GERMANY, the Republic of ESTONIA, the Hellenic Republic, the Kingdom of SPAIN, the FRENCH Republic, Ireland, the Italian Republic of the Republic of CYPRUS, the Republic of Latvia, the Republic of LITHUANIA, the Grand Duchy of Luxembourg, the Republic of Hungary Malta Netherlands Poland Republic of Austria Portuguese Republic Republic of Romania, the Republic of SLOVENIA, the Slovak Republic, the Republic of Finland and the Kingdom of SWEDEN, the United Kingdom of Great Britain and Northern Ireland and the European investment BANK supervising the payment and refund procedures under the guarantees provided by the Member States, the European investment BANK for the benefit of the Kingdom of Belgium, Republic of Bulgaria, the Czech Republic, the Kingdom of Denmark, the Federal Republic of Germany, the Republic of Estonia, the Hellenic Republic, the Kingdom of Spain, the French Republic, Ireland, the Italian Republic, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Grand Duchy of Luxembourg, the Republic of Hungary, Malta, the Netherlands, the Republic of Austria, the Republic of Poland, the Portuguese Republic, Romania, the Republic of Slovenia, the Slovak Republic, the Republic of Finland , The Kingdom of Sweden, the United Kingdom of Great Britain and Northern Ireland, which works with the relevant annexes to this agreement and with the signature sheets with signatures certified institutions (hereinafter referred to individually, but collectively, the guarantor the guarantor or the Member States) and the European investment bank, with the Central Office of the Konrad Adenauer, L-2950 100 Boulevard, in Kiršberg, Grand Duchy of Luxembourg, its President Philippe Maystad in the person of the Lord (hereinafter the Bank) that: 1. the Guarantor are contractual partners shall Guarantee the Bank concluded agreement (guarantee contract or guarantee) on loans granted by the Bank from its own resources under the 17 July 2006 in the internal agreement (Cotonou II internal agreement) on the financing of the multi-annual financial framework 2008-2013 under the 23 June 2000 in Cotonou (Benin) in the partnership agreement concluded between the European Community and its Member States and the African, Caribbean and Pacific countries that were reviewed in the 25 June 2005 in Luxembourg (hereinafter referred to as the Cotonou partnership agreement II) and for the granting of financial aid in the overseas countries and territories, a quarter of the EC Treaty, according to the Council on 27 November 2001 by decision 2001/822/EC on the Association of the overseas countries and territories (hereinafter called the Association decision) (together referred to as the Cotonou framework); 2. the guarantee requires that the Guarantor takes on the rights and obligations of the Bank to Provide the borrowers with the scope associated with the payments to be made under the guarantee of the guaranteeing association; 3. the Guarantor and the Bank using this contract (which is called Garamtij in Cotonou II arrears Administration Agreement Prolonged), intends to set out rules and procedures for the recovery of funds, relating to the investment; 4. this Treaty provides a guarantee of entry into force of the Treaty, which lays down that, if the guarantor takes over the rights and obligations of the Bank towards the loans, the Bank and the guarantor must conclude an agreement on Bank loan administration and management; This Treaty shall not preclude the Bank and the Guarantor shall make specific arrangements for the management of individual Loans. THE PARTIES AGREE ON THE FOLLOWING. Article 1 definitions for the purposes of this agreement, "agreement" means this long-standing debt management contracts. "Request date" is the date on which the Guarantee of the guaranteeing association shall take place within the framework of the guarantee. "The exchange rate at the date of application" for any currency exchange rate between the euro and the currency in which the European Central bank published a 14.00 after the Frankfurt time 5 EIB business days before the date of Application. "Borrower" means the same as referred to in the guarantee. "Default date" is the date on which the borrower has Provided to be made of the amounts borrowed under the loan agreement, and to which that refund is received. "Outstanding" is the amount of debt that must be paid to ensure the borrower under the loan agreement, and which the repayment date is overdue. "The EIB work day" is the day on which the Bank is open to work in Luxembourg. "The EIB'S financial activity" means the same as referred to in the guarantee. "Guarantee agreement" or "warranty" means the same as referred to in the first recital. "A ensured the borrower" means the same as referred to in the contract of guarantee. ' Guarantee payment ' is the Guarantor of the guaranteed amount of the payments made to the Bank under the guarantee. "Guaranteed sum" means the same as referred to in the guarantee. "Borrower" means the same as referred to in the guarantee. "Loan" means the same as referred to in the guarantee. "Loan agreement" means the same as referred to in the guarantee. "Lost loan settlement account" or "account" is the euro ZASK, which open on behalf of the guarantor Bank, which is intended to mitigate the risks, what guarantees within the Member States, and which are to be managed according to the terms and conditions that the Bank was last approved 12 June 2007. ZASK is to be financed from (i) the income obtained from the application of EIB risk pricing financial transactions, with the exception of loans under the guarantee agreement (as defined in the Guarantee Agreement), approved by the Bank's management under the internal rules, (ii) recoveries and (iii) interest income on the loan at an interest rate of the day, determined and which inform the Bank according to the Bank's management of certain principles applicable and payable monthly. ZASK must be debited with (i) the payment of a guarantee under this agreement and (ii) the recovery of management fees, ensuring that there are sufficient funds in the account. "The contributions made by the Member States to account" or "DVIK" is a euro account that each Guarantor on behalf of the Bank and open which is to be managed in accordance with the conditions laid down by the management of the Bank, of which the last is approved for 12 June 2007. DVIK should be debited with (i) the guarantee payments pursuant to this agreement, (ii) debit interest payments at an interest rate of day and payable monthly, determined and inform the Bank according to the Bank's management of certain principles applicable, and (iii) the management of recovery of the payments. DVIK is credited with the guarantor (s) amounts equal to expected Warranty payments under the guarantee, and (ii) the amounts resulting from any negative balance and accrued interest debit and credit Bank from (i) recoveries and (ii) interest calculated from the date of the interest rates and payable monthly, determined and inform the Bank according to the Bank's management determine applicable principles. "Loss recovery management payment" or "payment" is that laid down in article 5 of the contract payment. "Recoveries" is part of the funds Invested by actually regained the Bank or which is paid to the Bank. "The exchange rate on the date of the recovery" is the exchange rate between the euro and the currency in which the recovered outstanding features, by the European Central bank published a 14.00 after the Frankfurt time 5 EIB working days after the day on which the amount is recovered and is freely available to the Bank. "Third party guarantee" means the same as referred to in the guarantee. "Third-party guarantor" means the same as referred to in the guarantee. "Investment funds" is a monetary amount to which the Guarantor are entitled, the Guarantor of payments made to the Bank under the guarantee. In this agreement, unless the context otherwise requires: (a) headings are for convenience only and shall not affect the interpretation of this agreement; (b) words expressed in the singular, denotes the plural and vice versa; and (c) the reference to the article, the part or attachment is a reference to this article of the Treaty, the part or attachment. Article 2 the scope of the Agreement This Agreement sets out the 2.01 rules and procedures with regard to the recovery of the investment. 2.02 this contract applies to any of the guarantor the guarantees provided by the Bank in respect of the guaranteed amount, provided that the Guarantor and the Bank agree in writing. Each party hereby agrees that this agreement can be amended if any of them reach further. 2.03 Each guarantor confirms its commitments referred to in the guarantee, and delegates administration of the Bank investment in order to ensure effective recovery under this terms and conditions. 3. Article 3.01 If the terms of payment under the loan agreement have outstanding features and they are not reimbursed for about 5 months, Bank Guarantee requested in the framework of the implementation of commitments. 3.02 the Bank requires the fulfillment of obligations in relation to the guaranteed amount under and in accordance with the warranty conditions. Guaranteed amount that a Bank is requested under the Guarantee must be denominated in euro, and should be calculated at the exchange rate on the date of the request. The guaranteed amount of the repayment term of Guarantee the guarantor is established. 3.02 the Bank must use ZASK means guaranteed amount paid on the date of the Request. To the extent that the means are not ZASK sufficiently guaranteed amount paid in full at the date of the Request, the Bank removed from each DVIK amount of money proportional to the participation of the Guarantor as set out in the guarantee. Accumulated debit interest is paid on any resulting negative balance DVIK. Each Guarantor must reimburse the Bank for any negative balance incurred DVIK warranty request within the time the Guarantor shall take repayment of the guaranteed amount, as laid down in the guarantee. DVIK debit accumulated interest should be the guarantor paid in each year not later than 31 December. 3.04 Bank must prepare an account statement for each warranty request under the guarantee, the guarantor of money informing the amounts used and the DVIK in the context of ZASK Guaranteed amounts, as well as on the remaining DVIK accounts and existing ZASK. 3.05 To current year 30 April Bank must submit a report to each guarantor, which include: (i) a general forecast of the expected fulfilment of requests within the framework of the guarantee during the calendar year concerned; (ii) the recovery procedures undertaken on behalf of the guarantor and the Guarantor of the party during the previous calendar year; (iii) reports on the State account and ZASK DVIK (including accrued interest). In addition, the Bank shall submit to the Guarantor for the electronic account statement for each major changes NAISK and DVIK accounts. Article 4 procedure after debt recovery 4.01 at any moment when the guarantor takes over the Bank's rights and obligations under and in accordance with the payments made under the guarantee, the Bank shall, without delay, initiate recovery procedures in the name of the guarantor and the guarantor of the parties. 4.02 recovery procedures carried out by the Investment Bank, is to be carried out in a careful and diligent like any recovery procedure that is associated with the Bank-funded projects without the guarantee provided by a guarantor. 4.03 the Bank recovered any of the Guarantor Paid part of the funds, the Bank has to be repaid without delay ZASK account an amount of money equal to the amount used of funds outstanding payment ZASK, subtracting from the fee referred to in article 5. Any remaining funds are to be transferred in proportion to the participation of the guarantor DVIK, as set out in the guarantee, less the fee referred to in article 5. If necessary, the Bank converts the amount recovered in the euro, using the exchange rate on the date of recovery. 5.05 4.04 guarantee in the cases referred to in article and at the request of the guarantor if the deposit or equivalent financial asset is impaired when the deposit or equivalent financial assets, which provided the borrower has provided loans to borrowers in the country as an investment, has become a convert to or convertible, the Bank shall exercise the rights and obligations conferred under the framework agreement, concluded between the Bank and the borrower Government to try to recover an amount of money equal to the amount of the impairment. 4.05 under instructions of the borrower, the Bank may grant any funds recovered some of the outstanding features that Ensure the borrower owes the same or any other outstanding features to cover part of what the borrower owes. For this reason, the Bank can use the currency converter when it deems necessary. Article 5 Payment to the bank about the Bank paid 5.01 the services provided for under this agreement the guarantor and especially about the temporary currency exchange risk, is individual to each guarantor to pay the Bank for their respective part of the loss recovery management payment. The fee is calculated at the rate of 2% a year, but it can be reviewed and may inform the Bank on it under the management of the Bank over time certain relevant principles, and is calculated every day from each of the remaining sum guaranteed, subtracting the amount recovered. It is to be paid for the time period since the outstanding features of the start date until the Bank recovers the last remaining amount. The fee is to be calculated on the basis that the month has 30 days, 360 days in the year. The fee must be made with a lump sum deposit each day when you recover a part of the sum secured. The fee must be made in euro and must be calculated at the exchange rate at the date of recovery. 02 the agreement five years after the date of its entry into force and thereafter at suitable intervals when the Bank considers it necessary, may propose a review of the calculation of the rate of the fee referred to in article 5. Pārksatīšan must take account of changes in the volume of work to be undertaken in the framework of the implementation of this agreement, as well as other relevant factors. Changes can be both a cost increasing and decreasing. Reduction of the fee is to take effect immediately. Any fee increase may take effect after the Bank has received the consent of the Guarantor with the 75% vote share, which is calculated in accordance with article 9. The guarantor may not unreasonably delay or refrain from the expression of the consent. Article 6 exemption from administration of the Bank is 6.01 released from investment management responsibilities in the following cases: (a) when a decision supported by the Guarantor with 75% or more of total contract investment, as determined in accordance with article 9, the guarantor of Bank powers to suspend or waive the obligation further, except for the transfer of amounts recovered; (b) if the Bank waives duties relating to the investment by notifying the Guarantor of any time after the later of (i) the payment date 12 anniversary and (ii) 9 months from the last date of the planned repayment under the loan agreement. 6.02 article 6 pursuant to the Bank may interrupt to take measures in relation to the borrower from the date when the Bank has received sufficient support to the creation of the necessary majority, or from the date the Bank shall inform the Guarantor for a waiver, provided that such cancellation shall not affect the obligation of the Bank to ensure the borrower's obligations with respect to the outstanding features and does not affect the obligations of the Bank to maintain funds to the accounts associated with the funds not recovered under this agreement. The Bank must immediately inform the guaranteeing association of the abandonment of the duties. The waiver is permanent. 6.03 if the Bank is released from the obligation to try to recover the investment, the guarantor must pay the remaining charges that accumulated up to the release date. However, if the Bank is released from the obligation in respect of the investment of a general release programs, for example, Poor countries with high debt levels (HIPC) program, the loss recovery management fee is to be paid at the rate of 1% per year, which can be reviewed and what may inform the Bank according to the Bank's management principles rather than in accordance with the provisions of article 5. The remaining charges are taken out and debited from ZASK and/or DVIK accounts within 2 months from the date when the obligation to the Bank pildīšasn is interrupted, the Guarantor is notified in advance. Article 7 duties and expenses are to be compensated 7.01 Guarantor Bank all taxes paid by its obligations under this agreement. The Bank is accountable for any extreme drawback from different sources. 7.02 in addition to any possible charges that may be made pursuant to article 5, the guarantor of the guaranteed amount for their part and 2% limit, up to a total of the outstanding features of the guarantee in article 1.01 should be reimbursed all reasonable external expenses incurred to the Bank. The above restriction does not apply to cases where the Bank shall inform the guaranteeing association in writing in advance about the costs that could exceed the limit, but which in the view of the Bank will increase the amount recovered. This repayment covers the cost of third-party advice and services provided by Bank employees have been unable to provide adequate. The Bank can cover these costs from any amounts recovered from any investment. The Bank is the guarantor of the report must be submitted. The obligations of the guarantor is whether or not the Bank has tried and not been able to obtain during the 90-day repayment from the borrower provided. The Bank should continue to recover funds from the borrower, regardless of the payment of the guarantor. Article 8 applicable law and jurisdiction this agreement No. 08.01 rights and obligations are subject to the legislation of the General principles common to the laws of the Member States. Any dispute between parties to this agreement that are not resolved promptly and friendly, should be submitted for review in the Court of Justice of the European communities pursuant to article 238 of the EC Treaty. Article 9 amended 09.01 this agreement any amendment can be implemented with the consent of the Bank and the Guarantor with 75% of the property you calculated by weight each Guarantor's obligations to the relevant percentage listed in annex 2 of the guarantee. Each guarantor individually agrees to the limitations arising from any change. Article 10 Notification and other information 10.01 the Bank addressed to the guarantor or statements or other information must be sent by fax or registered letter recipients to the address below: guarantor: 1. the address referred to in the annex to the Bank: 100, boulevard Konrad Adenauer L-2950 Luxembourg any changes to the addresses mentioned above can enter into force only after the written information of other parties about the change. Comments and attachments are an integral part of this agreement. Article 11 11.01 The signing of the contract the contract becomes binding on everyone, immediately after its signature of the guarantor or ratification. 11.02 this agreement is authentic in the English, French and German languages. One original of this contract must be signed by each of the three languages appear. 11.03 the originals will be stored in the Bank. The Bank will send the original of the certified copies of the three authentic languages on each Guarantor, without prejudice to this Treaty. In witness whereof, each of the parties have signed this agreement with officially authorized signature date specified.

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